Niftymovers

RELIANCE CAPITAL Bouncing from Support level, @530...

BSE:RELCAPITAL   RELIANCE CAPITAL LTD
BSE:RELCAPITAL Daily chart shows multiple support level at 530 zone. Stock bouncing from that level with Bullish engulfing candle. Stochastic also getting up from Weakness zone (I don't like to call it Oversold zone). Stop loss below 520 on daily candle closing basis. Targets: 650/750. Time frame for target 30 & 50 Days.
Nov 13
Trade closed: stop reached: Stops hit, Exit.

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