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vinay.gaddad
Jun 26, 2018 6:10 AM

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

RELIANCE INDUSTRIES LTD.BSE

Description

#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
vinay.gaddad
Day low at 975.25
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