As reliance have touched its All time high for the third month, it would be advisable to book partial profits at higher levels and could wait for the Fibonacci retracement for lower levels for buying in dips. Reliance has rallied more than 75% in just 1.5 months hence expect some profit booking and correction.
as fib charts we my see 10300..go long but with cautious
Use chart levels for entry exit planning
NSE:BANKNIFTY SIMPLE PATTERNS NO ABRUPT MOVEMENT CALM DAY
MULTIPLE CONFIRMATIONS GIVES CONFIDENCE AND APPROVES STRONG TREND 1 RUPEE STOP 4.5 RUPEE TARGET RISK : REWARD = 1 : 4.5 FANTASTIC TRADE NSE:CIPLA
BREAKOUT EXPLAINED BEST ENTRY WHERE TO TAKE PARALLEL CHANNEL FORMS KEY SUPPORT DURING PULLBACK MY CPR AND FIB LEVELS GIVES US THE TARGET PRECISELY
if Nifty breaks and sustain below trend line & FIBO support then next stop would be 8800.
READ THE CHART
READ THE CHART -PLEASE DONOT FOLLOW THE CHANNEL THE TRENDLINE IS JUST DRAWN FOR PREMATURELY TO FOR TESTING PURPOSE -NIFTY MIGHT OPEN NEAR 10300-350 -MIGHT RUN INTO HURDLES
READ THE CHART FOR DETAILED STUDY
READ THE CHART FOR DETAILED STUDY
READ THE CHART FOR STUDY PURPOSE
PLEASE SEE THE CHARTS FOR STUDIES
Reliance might spiral down till Fibonacci level 1321