raj_rishav
Long

Reliance - DejaVu ?

NSE:RELIANCE   RELIANCE INDS

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 NPNL
Comment: It will be a volatile day, those who wish can exit at CMP above T1 and then re-enter on pullbacks
Trade closed: target reached: SL at 2040
Trade closed: target reached: Sorry the earlier one was a comment, Exiting at 2065
Comment: Exited Early. T3 hit too looking good for T4 but won't enter now
Comment: 10,000 gain but 10,000 unrealised loss - feeling worse than NPNL

Comments

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