Free Point and Figure charts Reliance Communications Limited RCOM share NSE Stock Exchange

Stock RCOM - Share Reliance Communications Limited trades in NSE under Telecom Services

Daily Support: 2.55
Daily Resistance: 2.65
5 Day Moving Average is 2.67
20 Day Moving Average is 2.79

If a stock is trading above it's 5 day and 20 day moving averages, it's considered good for a trade! The support & resistance points are valid for intra day.

Also take a look at technical analysis reports for more details like moving averages, support and resistance.

Date	Change	Open	Close	High	Low	Volume
Tue 24 May 2022	-1.89%	2.70	2.60	2.70	2.60	0.26 times
Mon 23 May 2022	-1.85%	2.75	2.65	2.75	2.65	0.29 times
Fri 20 May 2022	1.89%	2.70	2.70	2.80	2.70	0.51 times
Thu 19 May 2022	-3.64%	2.70	2.65	2.70	2.60	0.41 times
Wed 18 May 2022	-1.79%	2.85	2.75	2.90	2.70	0.68 times
Tue 17 May 2022	7.69%	2.65	2.80	2.85	2.60	0.82 times
Mon 16 May 2022	6.12%	2.50	2.60	2.65	2.45	0.6 times
Fri 13 May 2022	6.52%	2.30	2.45	2.50	2.30	1.01 times
Thu 12 May 2022	-4.17%	2.40	2.30	2.40	2.20	1.03 times
Wed 11 May 2022	-5.88%	2.55	2.40	2.60	2.35	0.72 times

Point & Figure Charts for Reliance Communications Limited RCOM

Point and Figure charts are best suited to find trend and reversal points of a stock.

Point & Figure charts can be used by long term investors, or even by short term swing traders. All you have to do is switch the Point & Figure BOX setting and Point & Figure Reversal settings below for Reliance Communications Limited RCOM and you are good to go!

A swing trader can use 1% of the stocks current price as Point & Figure BOX, and the default 3 box as Reversal

A long term investor would be more comfortable with 2% to 5% Point and Figure BOX setting, and either 3 Box as Reversal, or 5 Box as Reversal

At MunafaSutra.com I use at least 250 data points to draw Point and Figure charts of Reliance Communications Limited RCOM stock.