DSKF16

RELIANCE: Approaches towards END of Corrective Wave-A.

NSE:RELIANCE   RELIANCE INDS
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Imposed Penalty from GOI related to less-Oil Production from KG basin oil-field, will impact some -VE bias in early trade.
(NEWS not verified )
One can take opportunity to enter at better level.
Probable Entry point @ 1539 - @ 1523, May be dipped to @ 1503 level also.

Intraday Trade Set UP:
For BUY Entry:
Go LONG Above @ 1579.3
Target: @ 1586 , @ 1590.5, @ 1595 - @ 1601 9HZ), @ 1617+

For SELL Entry:
Go SHORT: @ 1563
Target: 1558, @ 1553, @ 1549 - @ 1543 ( BZ             ), @ 1526-

Rest mentioned & plotted on Chart.

Snapshot of Intraday levels will be Updated later.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

LIKE / Comment /Share, If useful & enriched your knowledge.
Comment: "For SELL Entry: Go SHORT: @ 1563" activated & Achieved TGT #2: @ 1553
as made LOW @ 1553
Comment: Achieved Swing Target: @ 1593
LTP: @ 1591, HIGH @ 1597.65
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