rcom share price target may 2013
rcom share yesterday closed at 111.8 with 6% gains.on daily chart rcom share is in super bull run and in last 1 month time frame showing gains of 44%.
on chart,rcom share weekly average is 109 then month average is 99 and in last 84 is 3 month average and last support on chart.trading t new high from short term view.indicators after correction picking up demand momentum.
for month of may 2013,84 is last support and was entry zone for long traders.on upside 114 is first target which is almost achieved and then we may expect 132 till this expiry.any bad news/weakness may show sharp correction upto 84 so keep strict stoploss for profit making long positions.
rcom share clear outperformer with 44% gains in 1 month while nifty/sensex showing only 7% gains in this time frame.