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sunakshig2
Sep 15, 2018 8:38 PM

RELIANCE INDUSTRIES LIMITED_Trend Analysis Short

RELIANCE INDSNSE

Description

As on 15th Sep 2018, Reliance is looking bearish for short term and bullish for long term as per support trend line and fibonacci indicator on daily chart.
SHORT TERM BEARISH TARGETS_1240.60/1219.80/1200_STOP LOSS 1273
LONG TERM BULLISH TARGETS_1300/1331/1351_STOP LOSS 1229
Moreover, as per fibonacci levels, reliance will retrace upto 38.2% level i.e. 1150 And then it might change to upward trend.

Trade closed: target reached

Target 1 achieved

Trade closed: target reached

Target 2 achieved

Trade active

Trade closed: target reached

TARGET 2 ALMOST ACHIEVED ON 19/09/18

Trade active

Trade closed manually

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