thilipk

Reliance in a BUY zone

Long
thilipk Updated   
NSE:RELIANCE   RELIANCE INDS
Buy trigerred in Reliance after a long consolidation.
Entry - 2400
Target 1 - 2600
Target 2 - 3000
SL - 2350 on daily closing basis.

Time frame -> 2 - 3 months.

Disclaimer - Not a SEBI registered. Do your own analysis before investing!!
Trade active:
Target 1 - 2600 Achieved

Target 2 :
Today Reached high of 2792. I am expecting 2820 - 2856 with in this week. Before next upmove there will be retracemnt upto 2620 from 2820. plan accordingly
Trade active:
Rally towards 3000 is in progress, there will be retracement due to 7% rally. but target intact due to break out & Wave 3. keep trailing ur SL.
Trade active:
Current price is 2900, Trade is active, Trail ur stoploss. there will be retracement till 2620 - 2580. Plan accordingly
Trade closed: target reached:
Reliance achieved my target of 3000. but we can see the momentum and expect to go higher. trail the SL and hold based on ur decision.
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