Rcom - Technical Update

1. RCOM has a resistance zone in the 113-131 band.
2. Volumes are rising, should be indicative of a bottoming formation.
3. The sharp rise in RSI above the OB zone suggests a possible fundamental shift from a bearish to bullish view.
4. But the current OB condition should delay the eventual BO.
5. I don't understand the business of RCOM, but since the name Reliance features in the company title, I believe a BO should result in a sustained move.