NeeteshJain
Short

Reliance - Trending Down

BSE:RELIANCE   RELIANCE INDUSTRIES LTD.
It is been observed on the daily chart that the price action is forming lower lows and indicating further weakness ahead.

Target 1- 1540

Target 2- 1510

SL - 1600
Trade active
Trade active
Comment: Chart Update:


In the above hourly chart, until the price action closes above 1590-1600 levels, the stock is in the down trend and shall dip further down. Keep sitting tight. Thanks
Trade active
Trade active
Trade active
Trade closed: target reached: Target 1 reached and looking further weak ahead.
Trade closed manually
Thanks for the details but looking at the F&O activity it doesn't look an ideal candidate for short for the current month(Sep)
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@SinghSwat, Sir, this was updated last month, now the trend has changed. Thanks
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SinghSwat NeeteshJain
@NeeteshJain, Cheers!
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you are leaving some money on the table....
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@Parasuram, You're correct Sir, I'm still holding it for Target 2.
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Parasuram NeeteshJain
@NeeteshJain, ok! since i read trade closed .. i said that.. cheers!!
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Should reliance be rollovered to september series ?
+1 Reply
@rajat1291, Yes, until it stays below 1600 levels.
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rajat1291 NeeteshJain
@NeeteshJain, thank you sir
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Roger that Capt... !!! Thanks for views !!!
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