Reliance - DejaVu ?
Updated
There are two main buy signals:
1. 100 HEMA pullback
2. 50% Fib Retracement
Should be a good long trade above 2026 for targets of 2040, 2065, 2080, 2100 with SL at 1998
Alternatively, if NIFTY continues to be bearish will look to Scalp below 1990 for 1950 & subsequently 1925 (200 HEMA) with a 10 point trailing SL.
Trade active
T 1 reached. Trailing SL at 2026 for NPNLNote
It will be a volatile day, those who wish can exit at CMP above T1 and then re-enter on pullbacksTrade closed: target reached
SL at 2040Trade closed: target reached
Sorry the earlier one was a comment, Exiting at 2065Note
Exited Early. T3 hit too looking good for T4 but won't enter nowNote
10,000 gain but 10,000 unrealised loss - feeling worse than NPNL
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