Reliance Communications Limited:
As seen above, the price is moving in the pattern of 5 waves from past one year, and the duration keeps on decreasing with time and the volumes gain with time. Now, the price at latest finished the 5 wave pattern in the bullish trend, so expecting 5 bearish waves. Also the momentum indicators are about to break into bearish signals soon. A short term advise here is to go short two lots of May future derivative of the stock at 100 and wait for the stock to reach 85 soon. (i.e: 15x2(4000) = Rs. 1,20,000). [Sl: 110]
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