We were bullish on it because of EW analysis and till it stays above 1835.10 the counts are still valid. Now looking at simple analysis, it made double bottom and height of the double bottom is our target. Entry and exit you have to scale in and see. Trade according to your setup. And the bullish levels which were mentioned in previous ideas of reliance are still valid. Link below.
@yogi_sharma_elliottician, 2005. My view is that even if the result comes good on Paper, it should be taken with a PINCH of salt. the ensuing war on Retail front will be damaging to all players baring FlipKART and AMAZON.
Retail BUSINESS can not be monopolised as can be TELECOM. On top of that it seems RELINACE is not that company as used to be years back. Will have some more damaging rulings coming against it in future.
But I will SL out at 2055 or somewhere around that.
NEVER HAVE EGO. YOUR VIEW MIGHT GO CORRECT SECONDS AFTER YOU ARE STOPPED OUT.
BUT then, YOU MUST USE STOP LOSS - This is how I TRADE.