GauravSaini
Short

Reliance industries short trade positional

NSE:RELIANCE   RELIANCE INDS
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
Trade closed: target reached: Reliance positional short trade target of 974 spot done today in morning
Cmp 981 spot part booking shorts because my cost price is above 1007 spot.........first trgt of 1074 is near too
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GauravSaini GauravSaini
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Reliance cmp 988.4 spot......shorts are in profit
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reliance cmp 1016.20 - the stock is finally showing some decline after making highs of 1036 on prev day(june 21) there are no easy ways to trade counter trend as it is very difficult to predict exact top or bottom......pyramiding positions is helpful to create the trade...however it is a very aggressive approach not suitable for everyone.....
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added to reliance industries short .......moving stoploss higher
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