AbhishekHSinghCMT

Reliance - Done with the Bounce to 1054 -What Next?

NSE:RELIANCE   RELIANCE INDS
300 3 10
As expected the bounce to 1045-1055 zone is done at recent high@1054.

Likely moving above 1050 -it can go in the zone 1055-1060 zone, which shall be the last leg upside & a fall could be expected if it sustains down below 1050 again post a new high in coming sessions.


Bulls Eye Hit@1097- Bounce Back also done at 1055


Excitement to start above or close to 1100- Turned from 1097


Reliance Diary 2016- How it moved

Trade active: 18:02 Hrs 6th Feb2017

Last Price@1040

Waiting for a move above 1050 -there is a small flag & we will trade once it moves above 1050 & sustains.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Hi this for long or short..please reply back
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@sam088, Hi, I have update above -moving above 1050 only we will take long call -it looks some thing is pending on upside but need to enter above 1050 only with recent low as stops.
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AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, Once it goes above 1050 -likely target zone shall be 1065-1070 & be careful later as selling can be expected.
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