indiamarketoutlook
Long

Rel Capital: Bottom fishing or trying to catch falling knife...

NSE:RELCAPITAL   RELIANCE CAPITAL
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...!!!
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.

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Thanks & regards
Vaibhav Deshpande
Indiamarketoutlook
Comment: There you go.... Makes a High of 145
Comment: T2 of 151 achieved
Trade closed: target reached: Made a high of 188 so far

All targets done...

Comments

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