RCom, Reliance Capital: Here’s how ADAG stocks look on the technical charts

Reliance ADAG stocks have been quite volatile in trade after the Supreme Court (SC) judgment on Wednesday in the Ericsson case that found the promoter, Anil Ambani, in contempt of Court. Though the group has said it will fulfill its obligations within the stipulated time, Reliance Capital meanwhile has invited Nippon Life to buy 43 per cent stake in the mutual fund.

Here’s how ADAG stocks look on the technical charts.

Reliance Nippon Asset Management (RNAM): The weekly formation shows a double-bottom pattern, and needs to hold current levels of Rs 180 for another two – three sessions to gain further ground. It is well poised above 100-day moving average located at Rs 150, which is a key support for the stock as per the chart pattern.