Reliance Industries ltd.
Atualizado
Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets.
Take the trade, its okay if SL gets triggered, you would end up getting double points on sell side if SL gets triggered. Analysis is a part but taking the trade in the stock is another kind of art. As this an analysis done on EOD basis, have patience while taking position. Don't put all your funds in one price level. Fear of missing out is very common. We need to overcome it.
STOP-LOSS would be closing below 1835 which may pull down the stock to 1618.
TARGET or EXIT signal will updated afterwards.
CHART AND ANALYSIS BY - ADARSH DEY
Take the trade, its okay if SL gets triggered, you would end up getting double points on sell side if SL gets triggered. Analysis is a part but taking the trade in the stock is another kind of art. As this an analysis done on EOD basis, have patience while taking position. Don't put all your funds in one price level. Fear of missing out is very common. We need to overcome it.
STOP-LOSS would be closing below 1835 which may pull down the stock to 1618.
TARGET or EXIT signal will updated afterwards.
CHART AND ANALYSIS BY - ADARSH DEY
Nota
At 2021. A small hindrance as well.Nota
Traders can exit at 2070
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