Reliance has rallied for good and people are betting on for a target of 1000.
Technically Reliance has formed ABCD pattern and will retrace 23.6% before a further upside movement.
One can short at current level as red candle has formed. Also RSI and Stoch are in overbought region.
Entry 930
SL 957
T1 920
T2 900
T3 882
For safe traders you can short NOV 1000 CE at 10
For ultrasafe traders you can short NOV 1020 CE at 7
Technically Reliance has formed ABCD pattern and will retrace 23.6% before a further upside movement.
One can short at current level as red candle has formed. Also RSI and Stoch are in overbought region.
Entry 930
SL 957
T1 920
T2 900
T3 882
For safe traders you can short NOV 1000 CE at 10
For ultrasafe traders you can short NOV 1020 CE at 7
Trade active:
Target 1 reached
Comment:
Target 2 reached
Trade closed manually:
Trade closed manually at 889. Made low of 887
Trade closed: target reached:
Target 3 achieved today
Trade closed: target reached
