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NeeteshJain
17 de Ago de 2017 09:38

Reliance - Trending Down Viés de baixa

RELIANCE INDUSTRIES LTD.BSE

Descrição

It is been observed on the daily chart that the price action is forming lower lows and indicating further weakness ahead.

Target 1- 1540

Target 2- 1510

SL - 1600

Trade ativo

Trade ativo

Comentário

Chart Update:


In the above hourly chart, until the price action closes above 1590-1600 levels, the stock is in the down trend and shall dip further down. Keep sitting tight. Thanks

Trade ativo

Trade ativo

Trade ativo

Trade fechado: objetivo atingido

Target 1 reached and looking further weak ahead.

Trade fechado manualmente

Comentários
rajat1291
Should reliance be rollovered to september series ?
NeeteshJain
@rajat1291, Yes, until it stays below 1600 levels.
rajat1291
@NeeteshJain, thank you sir
SinghSwat
Thanks for the details but looking at the F&O activity it doesn't look an ideal candidate for short for the current month(Sep)
NeeteshJain
@SinghSwat, Sir, this was updated last month, now the trend has changed. Thanks
SinghSwat
@NeeteshJain, Cheers!
Parasuram
you are leaving some money on the table....
NeeteshJain
@Parasuram, You're correct Sir, I'm still holding it for Target 2.
Parasuram
@NeeteshJain, ok! since i read trade closed .. i said that.. cheers!!
ajit_bobs
Roger that Capt... !!! Thanks for views !!!
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