Reliance Buy At CMP 1250-1255 Stoploss is 1190 Target is 1337-1420
Reasons For Trade- 1. Reliance is Near to importnant trendline support as well as Horizontal Support 2. 200 Days EMA support is Near to 1200 on daily chart 3. Risk Reward is 1:5
Refer Chart .. Round top formation breakout done. Indicators also showing weak signals on day and weekly chart. Target and stoploss given as per pattern.
Vijayaraghavan.K,
Chennai.
Indicators looks like bullish at present. Risky traders can buy with stoploss otherwise wait and buy above the mentioned line
(Note: Closing basis given on daily basis only/Low margin and low risk traders better to avoid it.. )
Vijayaraghavan.K,
Chennai.
Refer chart for entry. Indicators are showing some bullish signals. MACD crossover may happen on upcoming weeks. Target given based on these and also expecting breakout, .
Vijayaraghavan.K,
Kovilpatti.
Day,week,Monthly charts are forming like a head and shoulder pattern. Indicators also looking weak at current levels. Targets are given for short to mid term.
K.Vijayaraghavan,
Kovilpatti.
NSE:TATACHEM
CMP:720
1. Ascending triangle breakout done.
2. Indicators are showing bullish signals.
3.Daily,Weekly MACD crossover may happen on upcoming days&weeks.
These factors may help to reach our target levels.
Vijayaraghavan.K,
Kovilpatti
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