Cup formation on Reliance - LONG Long

RELIANCE INDSNSE

Description

⋅ Dec 13, 2016 6:28 PM

Technical Analysis:
EMA 5/20 bullish crossover and EMA 50 lying below the price.
Stochastic on bullish but lying in overbought level and may take some correction.
MACD on bullish and histogram on above the level '0'.
RSI above 50.

Trade:
Buy above - 1042
Target 1 - 1049
Target 2 - 1058
Stop Loss - 1033

Reward Points - 16
Risk Points - 9

Trade active

⋅ Dec 14, 2016 4:06 AM

Sorry for late active...

Trade active

⋅ Dec 14, 2016 4:07 AM

Target 1 - 1049 achieved.

Comment

⋅ Dec 14, 2016 4:25 AM

Reliance approaching to tgt 2 but remember at present Reliance on overbought level at 1hr chart...

Trade closed: target reached

⋅ Dec 15, 2016 6:22 PM