Long
RELIANCE CAPITAL Daily
Updated
Finance sector has been moving pretty swiftly and the strong surge in this counter beyond its recent highs around 700 does spell for some strong continued trended action. The prices have been moving well especially after posting a strong Q1 in 2017. With the prices taking firm support at the Tenkan Sen we can look for the strong surge beyond previous high has been maintained to produce fresh thrust on Friday inviting strong buying action. Move towards 771 is on the cards.
Trade closed: target reached
On Fire.... has moved into expected target zone. Should book profits now.
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