AbhishekHSinghCMT

Reliance- Above 1070 to 1085-1090

Long
NSE:RELIANCE   RELIANCE INDS
9
If It starts trading above 1070 & sustains above that level next zone could be 1085-1090 & going above 1100 can take it close to previous highs of 1130 but should not cross above 1145.

Previous Analysis Below- Click the chart & use load bar feature



Trade active: 06:02 Hrs 28th Dec2016

Last Price@1064

Waiting for break upside above 1070 -last session was surprise up move from 1047 to 1067.
Trade active: 08:03 Hrs 29th Dec2016

Last Price@1049

Day's High@1069- we never get such risk reward trading opportunity- just a risk of 1 point@1070 & taking the profit at the bottom of the rectangular box. Either side breaks & sustained for 30 mins shall show us the way forward.
Trade active: 12:09 Hrs 30th Dec2016

Last Price@1080

Hope everyone had put alarms, which is available in charts on top frame - buying Reliance above 1070.

Trade active: 23:08 Hrs 31st Dec2016

Last Price@1083

It kissed 1085 in the last session as shown in the box.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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