ManikandanElango
Short

RELIANCE SHORT

NSE:RELIANCE   RELIANCE INDS
Based on the previous resistance around 934 - 935... Dragonfly doji ...

Short at current levels for a target of

1. 910
2. 890

stoploss - 960 can be kept, but its also a resistance, hence keep a lower stoploss.
Comment: Trade active... Update stoploss to cost... 920 can be the first target as some intermediate resistance is there...
Comment: Target 1 - 920 reached....
Safe traders keep trail stoploss and ride it...
Comment: Trailing stoploss hit... One can enter again, as it is in the same resistance level... Keep d stoploss at 935
Trade closed: stop reached
Comment: Again Fall from the resistance... 920 - Target 1 reached... Go with trailing stop for 910 target
Comment: Trail stoloss to 920... Low made 913
Comment: Low made... 910... Update trail stoploss to 915, continue the ride..
Comment: Low made 900... Trail the stoploss to 905
Comment: All targets achieved... Previous swing low broken... More downside expected... Trial stoploss to 895 and ride till 880... Final target 880...
Trade closed: stop reached: Trail stoploss hit...
Comment: One can buy again with a stoploss at 880 for a target of 930...
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