vinay.gaddad

#RELIANCE WILL IT BOUNCE? OR THERE'S MORE WEAKNESS?

BSE:RELIANCE   RELIANCE INDUSTRIES LTD
#RELIANCE TRADING AT IMPORTANT SUPPORT 990-988(20EMA)
MORE WEAKNESS SEEN BELOW THIS LEVEL
NEXT SUPPORT AT 974-977
STRONG SUPPORT @ 958.60
HOLDING SAME WILL BE GOOD BUYING OPPORTUNITY
TARGET 999-1010
Comment: #RELIANCE IND BREAKS LONG TREND LINE TRADING BELOW WILL WITNESS MORE WEAKNESS.
STILL HOLDING THE STRONG SUPPORT AT 958.60
LOW MADE 960.50
CLOSE BELOW 958.60 WILL TEST 949.65-945
Comment: Low made at 955.50
It needs to defend 958.60
Comment: its trading above 958.60..will it close above this!?
Comment: On June 27th as i mentioned
CLOSE BELOW 958.60 WILL TEST 949.65-945
On 28th June low tested at 941.35 and closed at 944.70

The very next trading day On 29th June it comfortably closed well above 958.65 and gave buying opportunity
Resistance seen at 990-1000
Comment: 1008.50 YESTERDAY HIGH
BUY ABOVE 274.55 WITH STOP AT 958.65
Comment: BUY TRADE WORKED!
HIGH MADE AT 1005 AND CLOSED AT 995

Comments

Day low at 975.25
Reply
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