Reliance Bear Might control/Short Next week Reliance downward swing angle match upside. Next week expect profit booking/shorting. Caution: Fresh Long position should be with stop loss
Comment
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Look at technical analysis chart Due to resolution it does not show correct at top
Trade closed: stop reached
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Technical analysis based on previous trend failed due to 1. Market/Nifty went strongly bullish 2. Bank/Security market bulls lobbied (HDFC Sec, Fin firms) 2. Reliance announcemen well planned as KOI 501 announcement and result on 26 july