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RComm looks good, see upside: Rajat Bose

According to Rajat Bose of rajatkbose.com, Reliance Communications looks good and feels that the stock can head higher.

October 16, 2024 / 15:59 IST
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Rajat Bose of rajatkbose.com told CNBC-TV18, "Reliance Communicationslooks good. Its short-term correction seems to be over and once again it is trying to move up. Yesterday there was a volume backed up swing, so, I would put a stop loss below Rs 78.5 and would expect Rs 84 and Rs 86.5 to be scaled on the upside."

"Reliance Communications, as such what you saw few days back, that was just a correction on an intermediate uptrend. So, the uptrend is resuming and there are enough tailwinds left on this counter," he said.

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