AbhishekHSinghCMT

Reliance- Bounce to 1035-1040 Above 1000

Long
NSE:RELIANCE   RELIANCE INDS
164 views
2
Reliance could bounce going above the trendline & likely if sustains above 1000. Sustaining Above 1000 -can look for the 1035-1040 zone.


Falling from Triangle Top- Connecting Piece
Trade active: 10:50 Hrs 18th Nov2016

Last Price@988

Will this trendline hold the up move of Reliance

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Trade active: 10:50 Hrs 18th Nov2016

Last Price@988

This means you buy reliance at 988 rs right sir?
Reply
@ashokm81, Crossing 988 will be the first clue that reliance is looking short term up to the desired zone of 1035-1040 as stated above, but with strict stops below gap up opening likely below 874 - if you can take that much risk then yes. This upside move in reliance will become strong once it crosses 1000 mark as well. Key Support- 874
Reply
ashokm81 AbhishekHSinghCMT
@AbhishekHSinghCMT, thank you Ji
Reply
@ashokm81, Welcome
Reply
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