Relcap - Fuelled enough for upmove

85 3
Stock witnessed a sharp fall from the top (700) to 38.6 % Fib Level (543) and then Bounced back to 23.1 % Fib Level (600)
One can go long in the stock at 600 with Stop loss of Latest Swing low (582) with a target of 690.
Trade active
Comment: Stock Up 4%.
Keep stop loss in force and hold.
Comment: More power to Relcap
CMP 648 (+8% from Entry price)
Keep stop loss open and enjoy the ride
Comment: Minor pullback expected.
Trail ur SL to 618 and hold it
Comment: Stock retested the recent swing high of 662 today.
Crossing 662 will fuel more power
Trail SL to recent swing low 637 and hold
Comment: Stock hit 720.
Close the trade.
Trade closed: target reached
Could I short at this level
ankit3000 Siddharth_Kr_Jain
@Siddharth_Kr_Jain, Can only do for some retracement. to be precise 702 can be seen
@ankit3000 Sir, could you suggest some other short options for August Series. Like - Havells, DCB Bank, Federal Bank, DLF, Indiabull Real Estate & Indiabull Housing Finance if you track any of it. Or some longs - HDIL (Contra) or any other scripts. OK let me check your all post. Thanks
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