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. do n't forget to like my post. follow me to get updates.
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
bijoy2526
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@PVCHAMY, these are the lines where reliance is reacting no doubt. I have to see again how I had drawn those lines .
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
pleasantMind35475
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@bijoy2526 sir I am holding 2 lots of reliance 2100 ce at 67….what target should I expect?
bijoy2526
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@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.