Reliance after breaching a long trendline again regained and started trading above this trend line. Reliance has made a Doji pattern after a long nosedived fall after the budget. If Reliance started trading above 08th Aug's Low and sustained above the trendline one can initiate the long position with the price target of Rs 1240 in short term.
Please correct either the target (1240) or stop loss (1249) in your title for the chart. When one goes long, stop loss cannot be above the target.
UnknownUnicorn709426
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@Sunandamedi, I think it's a typo, it's 1149 on chart
Sumeet01
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Wow what a move by RIL
MayuriRaval
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myogeshdas
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Bhaiya ji aap long karna chahte ke short karna chahte ho.
abhijitgujarathi15
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RIL has the power to shoot once it trades above 1175...In the last session it has made a very strong base at 1162 to 1170....Bulls will surely erupt above friday's high!!!
Please correct either the target (1240) or stop loss (1249) in your title for the chart. When one goes long, stop loss cannot be above the target.