NeeteshJain
Long

RCOM - TREND CONTINUATION TRADE

BSE:RCOM   RELIANCE COMMUNICATIONS LTD
778 views
It is observed that the price action is been trending up for a while and shall continue going up to next resistance levels at 40 and above.

Target: 40

Stoploss: 36
Trade active
Comment: Trend Continuation Setup


Support SL 35
Trade closed: stop reached

Comments

Sir if SL triggered i should hold the trade until its not updated by you?
+2 Reply
@ms555, Update me once it gets triggered. Regards
Reply
RajasekharCBE NeeteshJain
@NeeteshJain, sir, you have any idea of coal india.. am holding coal 320 call bought at 3.2
Reply
ms555 NeeteshJain
@NeeteshJain, Sir SL triggered in RCOM cmp 34.7 & LUPIN made low of 1460.
Reply
Sir, it seems to be case of kangaroo tail reversal...?
+1 Reply
offscience offscience
Reply
NeeteshJain offscience
@offscience, I have heard this term after long time. You must be very good at reversal patterns. Yes, it seems like a short term reversal. RCOM trend has changed and it shall move further up after this correction. I appreciate your feedback, Regards
Reply
Time period for holding ? Is it good for intraday? @NeeteshJain
+1 Reply
NeeteshJain suraj_kvp
@suraj_kvp, Hi Suraj, I don't provide any intraday calls. I generally like to post chart with a setup in order to educate. In case, you need calls regarding equity FNO then you could email me at neeteshjain01@gmail.com. Thanks, Regards
Reply
Stoploss reached.Trade Closed: Lesson learned. Lost money on both Rcom and Lupin .Please don't post suggestions if you can't reply to comments and going offline when your trade does not workout does not set a good precedent. Thank you _/\_
Reply
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