In the above given RCOM daily chart, +WW pattern is in making and point 5 may form near 122.5 post which bounce back is possible to the levels of 140-145.
In the above given RCOM daily chart, a clear postive divergence can be observed in MACD (12,26)with the two last major lows i.e. 126.75 and 123.65. This gives a chance to bounce back sharply.
In above daily chart, I have marked EW counts as per my understanding. Based on which C or 2nd wave may end at 119 level (if A=C). Post this wave 3 may start which may target new highs in the coming days.
Conclusion:
Bounce back can be expected from 119-123 levels for the target of 140-145 and above in coming days.
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