Today, despite a weak market, Reliance and TataSteel were very strong and held Nifty really well from falling. Reliance is coming out of its consolidation and likely to resume its uptrend very soon.
Buy Reliance only and strictly above 2125 with SL 2090 and hedge it properly with Options to protect from sudden fall in market or Reliance if any.
Gann roadmap for Reliance would be 2094 2117 2140 2163 2186 2209.
Once Reliance crosses 22110-20 levels, then there will be a sudden buying interest in it and this may start rising in the 4th gear. Till then, we just have to wait.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Buy Reliance only and strictly above 2125 with SL 2090 and hedge it properly with Options to protect from sudden fall in market or Reliance if any.
Gann roadmap for Reliance would be 2094 2117 2140 2163 2186 2209.
Once Reliance crosses 22110-20 levels, then there will be a sudden buying interest in it and this may start rising in the 4th gear. Till then, we just have to wait.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.