-results are out for reliance
-need to see how the market reacts
-like discussed before we had executed reliance longs after a close above 2020
-we exited again near 2120
-we have re-entered longs again near 2050
-if market sustains above 2050 and sustains above that we are seeing retest of its inital high of 2120
-enter a long near 2060-2065
-enter a stop below 2020
-initial short-term target is 2120
-positional target can be set to 2150-2175
-note onces this level of 2175(crucial resistance) is taken out then expect reliance to travek to 2230-2280
-wait and watch
-for save side one can use 20-ema as stoploss(near 1995-1990)
-need to see how the market reacts
-like discussed before we had executed reliance longs after a close above 2020
-we exited again near 2120
-we have re-entered longs again near 2050
-if market sustains above 2050 and sustains above that we are seeing retest of its inital high of 2120
-enter a long near 2060-2065
-enter a stop below 2020
-initial short-term target is 2120
-positional target can be set to 2150-2175
-note onces this level of 2175(crucial resistance) is taken out then expect reliance to travek to 2230-2280
-wait and watch
-for save side one can use 20-ema as stoploss(near 1995-1990)
Comment:
wait and watch reliance let it come above 2020 or else stay out
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*future calls
*option trading (buying)
*index trading (options and futures)
*index update and oi analysis
t.me/tradersmojo