ankit3000
Short

Relcapital - Rounding bottom Complete

NSE:RELCAPITAL   RELIANCE CAPITAL
Relcap completed rounding bottom pattern
and now showing minor signs of distribution here.

If the distribution continues, one may sell here at CMP 599 taking a strict Closing base SL of 620 with a target of 405.
Comment: Correction started
CMP 560
Some resistence around 535 will be there.
Conservative traders may book profit around that price.
Aggressive traders may hold with trailing SL
Comment: 535 is Broken decisively.
Conservative traders may book 12@ profit here.
Aggressive traders may hold herewith Closing base SL of 552
Comment: Sliding increasing further.
Psychological level of 500 is a minor resistance.
a small pullback may drive till 535, which will be another chance for those who missed d train.
Trade closed: target reached: CMP 415.

Target almost reached.
Trade is Closed
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