TraderRahulPal

Low Risk Buying opportunity in Reliance

Long
NSE:RELIANCE   RELIANCE INDS
Reliance has taken support and created a double bottom on charts so far. MACD also gonna to give bullish crossover very soon. I believe Reliance can do well in the medium term to long term, this can be a low risk entry point for buying this Gem. Start buying from these levels right now it is trading at 2242 take long position for target of 2800+ and keep a stop loss of 2175. Well this was a trading idea, but this is a best entry point to accumulate for long term, if you are taking position for long term then do not follow given stop loss because if india (Nifty50) has to rise then Reliance is gonna to participate their role like salt in food.
Chances are high we will achieve target in coming months. My long term Target will be 3500+ from here.

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Thankyou:)
Comment:
The Game has just started,,,still it is in buying zone...Buy for long term as well as short term.
Comment:
kya bola tha kharido kharido kharido....this was also a perfect bet on down levels hope everyone have made profit.
do not forget to like, follow and comment.
thankyou
Comment:
han ji already 300 rs up hai apne buying price se hai book kro profits jiska horizon small hai acha profits hai
Comment:
I had suggested to buy at 2242, now see where are you,,what a move we have seen in it.
Comment:
Comment:

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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