Long
Reliance capital around support
Updated
Reliance capital finding support around 525-540 zone & high chancees are for reversal. Trendlines & support line merged at this zone. Fibonacci retracement level & Stochastic level (oversold) also supporting the bounce. Future can also be added in view of a 7-10 days.
Level to enter=528- 538 but can enter at cmp also....
Target 574, 585 & more
SL 521
keep strict stop loss...
there is not much to go but reward can be good....
best of luck....
Level to enter=528- 538 but can enter at cmp also....
Target 574, 585 & more
SL 521
keep strict stop loss...
there is not much to go but reward can be good....
best of luck....
Note
Trendline of MACD also denies trendline of price action which shows trend reversal...Note
Good going....Target 1 of 574 achieved...book 50% (partially)Note
Yes, 2nd target of 585 almost reached also.....pls book 25% nearby Pls note above 588-590 level it can zoom to 600 or above (for remaining 25%)
best of luck
Note
If Rel cap surpass 592-595 zone(imporatant hourly chart breakout resistance) & stays for atleast 1 hr, it can zoom to 620-625 level.
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