Any stock can not sustain it's bullish behaviour, without a correction.
Reliance has to correct, before going up again. It is the proved nature of markets.
Why selling any stock is a good idea.
1. To buy it back at a lower prices,
2. To full-fill urgent needs of money,
3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
Hey , Monthly chart of nifty that can lead to 10-12% correction.
In this analysis I have shared some data with you all in which we can see some correction in nifty
Bull run is still on but now its time to book some profit and raise cash for buying in lower range .
Nifty Has Given a Great Move in Upside , Now I Think Its Time for Booking Profit & Take a Positional Short
On Wednesday Nifty has Given a Breakdown & Currently Ready to Retest.
I Will Open a Positional Short in Nifty From 15770-15800 , SL 15950 ,
Target Will Be 15650,15560,15480,15410 & Last 15300
At Each Target I will Be Booking Part Profit And Shift SL To Cost...
sell around 21672 .76 sl 21782.56 target 21619 - 21583 - 21546- 21509
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