praveen.gupta
Long

Reliance Industries Long @ Rs. 1431 or Below

NSE:RELIANCE   RELIANCE INDS
NSE:RELIANCE
Entry 1431
Target 1525
SL 1368
RIL is currently trading at 1433 and it has bounced back from low of 1368. It has recently fromed 1Hr demand zone at 1422 to 1431 and after it it rallied up to 1467 and then retraced. so zone is fresh and has support from the daily and weekly demand zones. So it can be long at Rs 1430 for the target of 1525.
Trade active: Entry Price triggered , closed in green candle and above the entry price.
Trade active: Today price opened upside and shown good momentum. remain in trade
Trade active: RIL Reached upto Rs 1500/- , very near to target , Remain in Trade
Trade closed manually

Comments

Comment removed.
piyush0605 piyush0605
@piyush0605, Expect RIL to fall to 1320 levels
Reply
praveen.gupta piyush0605
@piyush0605, Hi, please explain the logic or technical analysis , i do not try to predict the price as a technical analyst i try to find out the point where we can participate in the market with reward probability is more than risk. and Reward to risk ratio is in favor. 1320 can be touched only when there is reversal of the trend. Let us wait and see what happens in next 4-5 trading sessions.
Reply
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