bijoy2526

RELIANCE proceeding as per my chart.

Long
NSE:RELIANCE   RELIANCE INDS
last night I had studied its chart.
and traded it just at the beginning and holding position.
I had expressed my opinion that reliance will help nifty in its present rally.
let us see how far it proceeds.
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Comments

sir what could be the short term target of reliance...till one swing high..if any idea ?
+1 Reply
bijoy2526 Maverick_777
@Maverick_777, it has underperfprmed.Higher targets possible
Reply
VijayBhambhri bijoy2526
@bijoy2526, Sir I am holding reliance at 2150. Please add Target levels, it would help us to plan accordingly…
Reply
bijoy2526 VijayBhambhri
@VijayBhambhri, it can reach soon
Reply
VijayBhambhri bijoy2526
@bijoy2526, thank you 😊
Reply
Sir, How did you draw the resistance line at 2245 since i am not able to see any resistance at this level.
However I have closed my position once the price got rejected at this level
Reply
bijoy2526 PVCHAMY
@PVCHAMY, these are the lines where reliance is reacting no doubt. I have to see again how I had drawn those lines .
Reply
PVCHAMY bijoy2526
@bijoy2526, Thank you.

I had taken the trade when the 15m candle closes above 2028 and booked profit at every stage (3 trades done till today). In fact i was looking for the target of 2292/93 and closed the position once I saw the rejection at 2045 levels .
Just I would like to understand what I missed in my analysis
Reply
@bijoy2526 sir I am holding 2 lots of reliance 2100 ce at 67….what target should I expect?
Reply
bijoy2526 pleasantMind35475
@pleasantMind35475, sorry no target for call option .probability is there it may touch 2122 your ce will be in the money then if it retraces your ce value may decline.
Reply
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