RELIANCE "FACING RESISTANCE @ 1200 AND @1220"
Updated
RELIANCE IND (CMP: 1184.35)
TECHNICAL OUTLOOK:
>Breakout on volume front i.e. huge volume generated as compared to last two months avg volume
>Breakout on DPO
>Breakout on RSI
MARKET OUTLOOK:
>Buy it above 1190
>Target (Buy Side): 1200>>1220
>Sell it below 1150
>Target (Sell Side): 1130>>1115
FUTURES FRONT:
> For JAN’19 contract an expiry is expected between 1200 and 1220
(IF POSITIVE BIASNESS IS MAINTAINED)
TECHNICAL OUTLOOK:
>Breakout on volume front i.e. huge volume generated as compared to last two months avg volume
>Breakout on DPO
>Breakout on RSI
MARKET OUTLOOK:
>Buy it above 1190
>Target (Buy Side): 1200>>1220
>Sell it below 1150
>Target (Sell Side): 1130>>1115
FUTURES FRONT:
> For JAN’19 contract an expiry is expected between 1200 and 1220
(IF POSITIVE BIASNESS IS MAINTAINED)
Trade closed: target reached
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