Reliance - Long Long

RELIANCE INDSNSE

Description

⋅ Dec 2, 2017 4:58 PM

Reliance has formed a double top pattern and has reversed.

It is at support.

Go long above 906 with SL at 894 for T1 - 916 and T2 - 922

⋅ Dec 2, 2017 5:41 PM

We can wait for a green candle on daily chart and enter above 906 with SL.

⋅ Dec 5, 2017 7:17 AM

T1 reached

⋅ Dec 6, 2017 4:11 AM

T2 Reached

Comments

praveen38

⋅ Dec 2, 2017 5:40 PM

It is Already above 906 at present ...................???

balaji_damo

⋅ Dec 2, 2017 5:42 PM

@praveen38, expecting the price to reach support at 906.

praveen38

⋅ Dec 2, 2017 5:58 PM

@balaji_damo, Ok. Great...let hope to move in right direction....Thanks

balaji_damo

⋅ Dec 2, 2017 5:59 PM

@praveen38, Please be careful given the conditions....

nanosoft

⋅ Dec 2, 2017 5:13 PM

I think it's time to wait

balaji_damo

⋅ Dec 2, 2017 5:17 PM

@nanosoft, I agree its still bearish given the market conditions.