srikartiram

RELIANCE | Again at magic level - Lets try for 8% swing

Long
NSE:RELIANCE   RELIANCE INDS
RELIANCE | Again at magic level - Lets try for 8% swing

Also i see some decent INHS pattern in lower time frame (2 hours)

CMP : 2000
SL : 1960
Target : 2170

Almost 1:5 risk reward setup.

Comments

Sir ,Rel Ind tested 1915 as per my previous MSG on 18th NOV. Trend is downword. can test 1835 area previous LOW. Or Else . next week will decide lower or higher. Most probable downtrend will continue... if Nifty corrects.
+2 Reply
@srikartiram - Could we expect this target before the weekend???
+2 Reply
@Rosh10, I dont time the market sir, please avoid option buy based on this call.
+1 Reply
Rosh10 srikartiram
@srikartiram, ok chief
+2 Reply
I think the wave is downtrend. Can test1915 area can get strong support. or can retest test 1835 zone. if profit Booking comes on Nifty.
Reply
ajaya.mahalik ajaya.mahalik
@ajaya.mahalik, 1915 area tested today. Monday onwards decides if sustains 1915.if down on monday, tgt will be 1835 zone. the tgt area will be 2080, 2150, 2270, Now the trend is down. wait & watch.
.
+1 Reply
srikartiram ajaya.mahalik
@ajaya.mahalik, Great work.

I think you are insider of this RELIANCE :D
+1 Reply
ajaya.mahalik srikartiram
@srikartiram, Sir Im just a Learner. The study is going on. Later we shall discuss. My work only study the charts. still now I am not a trader or Investor.
Reply
srikartiram ajaya.mahalik
@ajaya.mahalik, Great going :)
Reply
ajaya.mahalik srikartiram
@srikartiram, No sir, Purely Technical study the chart patterns daily. Its only the importance of study. And Now me a learner from a Mentor. Who is my Guru. And he is the famous Investor in Foreign countries of Millions of dollar. If you have some doubt can ask any question regarding stocks in the Globe, you can get a technical answer from me. I am not a Insider. Thank you sir,
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