Best long Between @ 515 - @ 498 (Two impoortant Fib. Retracement )
SL: not more than 4%, where as TGT 12%+
Thus 3R: 1:4+
Sharp correction Drag the Counter Below .
Technical Indicators also Turn around.
Compare to NIFTY Energy index it falls 40% more.
Where 30D % of Change in NIFTYENERGY Index = 5.78%, RELINFRA =-9.72%
Also Correction in END Cycle for NIFTYENERGY Index.
TGT (Delv Based): @540.9, @ 549.1, @ 555, @ 571, @ 585, @ 594 - 600+ (Hurdle)
AGGRESSIVE Traders Or Short to Medium Term Investor Can BUY HERE.
Future trader can Long JUN Series, Hedging With a PUT Option