parth9635

bulling reliance NSE "SWING TRADE"

Long
NSE:RELIANCE   RELIANCE INDS
entry - 2150
Target - 2200-2300
SL - 2050

*Reason for this pick up*

1. closing above 2100 (phycology level & strong support)
2. done its retracement after break the trendline - 38% fib
3. taking support at 50 EMA daily TF
4. todays market recovery after falling
5. high weightage in NIFTY 50 to move up

Comments

Its at 2009 now with a sharp fall. whats your view till march expiry ?
Reply
parth9635 darshanvachhani
@darshanvachhani, you can add positions now , reasons- 1. tested 68% fib retracement level
2. bullish engulfing
3. taking support at trendline after breakout
4. strong nifty - and reliance will lead its move
Reply
break 2050 today possible
Reply
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