Rel Capital: Bottom fishing or trying to catch falling knife...
Updated
Rel Capital
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
Trade closed: target reached
Made a high of 143.90 so far.Cmp 143. Thats 10% for the taking...!!!
Consider booking profits as per risk apetite.
For more trading ideas Follow us and Do hit the Like button
Thanks & regards
Vaibhav Deshpande
Indiamarketoutlook
Note
There you go.... Makes a High of 145Note
T2 of 151 achievedTrade closed: target reached
Made a high of 188 so farAll targets done...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.