balaji_damo

Reliance - Long idea

Long
balaji_damo Updated   
NSE:RELIANCE   RELIANCE INDS
Reliance as corrected well giving good 70 points in our previous short set up.

Now the stock is at 23% which is critical Fibonacci level. It is taking support at current level 880.

If broken then next support will be at 38% and 50% on downside.

This is betting against the trend so Strict SL is important.

Long entry above 880 with SL at 860 for T1 890 T2 900 and T3 920

Trade active:
Target 1 reached
Comment:
Target 2 reached
Trade closed: target reached:
All targets reached

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