Reliance industries short trade positional
Updated
Reliance cmp 998.50 spot
initiating positional shorts in reliance with stoploss above 1015
targets will depend on developing price action a likely target is 974
please read carefully
The stock has been in a uptrend -this means we are taking a countertrend trade -risk is highthan acceptable
2 positional trades carry huge overnight risks that can go beyond the stoploss
3 this trade is NOT MEANT FOR small traders 2-3 lakh capital
4 the cost price will change if more lots are added depending on developing price action
initiating positional shorts in reliance with stoploss above 1015
targets will depend on developing price action a likely target is 974
please read carefully
The stock has been in a uptrend -this means we are taking a countertrend trade -risk is highthan acceptable
2 positional trades carry huge overnight risks that can go beyond the stoploss
3 this trade is NOT MEANT FOR small traders 2-3 lakh capital
4 the cost price will change if more lots are added depending on developing price action
Trade closed: target reached
Reliance positional short trade target of 974 spot done today in morning
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