Subscribe Feed (RSS)Multibagger - Reliance Communications (RCom) - technical analysis - 01 January 2009
January 1st, 2009 by admin | No Comments | Filed in multibagger, stock investmentsReliance Communications (RCom) stock surged more than 8% yesterday on news that it will buyback FCCBs at a discount of 52.5% for $25 million, becoming the first Indian company to do so after RBI relaxed the norms. R-Com had issued zero-coupon FCCBs in February 2007, to raise USD 1 billion. The premature buy (more…)
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overcome the ‘93 level, declined to post an intra-week low of Rs. 54.80 during the week ended June 9, 2006 and tested these levels by falling to an intra-week low of Rs. 53.88 during the week ended July 28, 2006. The scrip staged a smart recovery from here, peaked at an intra-week high of Rs 385.35 during the week ended January 10, 2008 only to enter a corrective phase. The scrip staged a superb recovery from here and rallied to peak at an intra-week high of Rs. 356.00 during the week ended May 2, 2008 but couldn’t sustain these levels for long and entered a corrective phase. Currently EKC has reversed direction after receiving significant support from the 130 level; a weekly close above the 170 level would mean the possibility of a further upside.
