Relcap - Fuelled enough for upmove Long

RELIANCE CAPITALNSE

Description

⋅ Jun 16, 2017 4:37 PM

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

⋅ Jun 19, 2017 7:11 AM

Comment

⋅ Jun 21, 2017 10:35 AM

Stock Up 4%.
Keep stop loss in force and hold.

Comment

⋅ Jun 23, 2017 8:10 AM

More power to Relcap
CMP 648 (+8% from Entry price)
Keep stop loss open and enjoy the ride

Comment

⋅ Jun 25, 2017 2:08 PM

Minor pullback expected.
Trail ur SL to 618 and hold it

Comment

⋅ Jul 5, 2017 4:39 PM

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

⋅ Jul 28, 2017 10:24 AM

Stock hit 720.
Close the trade.

Trade closed: target reached

⋅ Jul 28, 2017 10:24 AM

RELCAPITAL

Comments

Sidharth_Kr_Jain

⋅ Jul 28, 2017 11:28 AM

Could I short at this level

ankit3000

⋅ Jul 28, 2017 4:15 PM

@Siddharth_Kr_Jain, Can only do for some retracement. to be precise 702 can be seen

Sidharth_Kr_Jain

⋅ Jul 29, 2017 12:07 PM

@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