raj.zing

Relinfra at 471. Buy for 492, 518 and 537. SL 451

Long
NSE:RELINFRA   RELIANCE INFRASTRU
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1
Buy above 475 for Targets of 492, 518 and 537.

SL 451
Trade active: Trade active now. Trailing SL at 469
Trade active: Trailing SL breached.

For any remaining positions. Keep a strict SL at 451.
Trade active: 26/10 0500: touched 451 on an intraday basis. however didnt close below this level on 60 min chart.
451 is acting as a strong support. The price has bounced from this level and closed above both 20 and 50 day EMA. geting close to T1 of 492. Volumes are still lagging though.

Close above 488 with good volumes will take the price over 500
Trade active: Target 1 492 achieved. Book partial profit now.

Trailing Stop Loss at 485.
Trade active: cmp: 502.75. 508-510 seems to act as a strong resistance. 510 is also 200d EMA. Once the price closes above this level a good upmove expected. beyond 537

Trailing SL at 497
Trade closed manually: Trailing stop loss hit