Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
RELINFRA (Reliance Infrastructure Ltd) BUY ABOVE 65. RELINFRA skewed double bottom and standing in trend line and if trend line broken then BUY can be initiated at around 65.5
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Buy rel infra with a SL of 111.75, for a target of 113/115/118
However, if rel infra drops below 111 on a 15m intraday chart
Sell rel infra with a SL of 112.2 for a target of 109/107/103
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Fundamentally zero RELINFRA has been going down and has formed a rounding top after and has formed an inside bar on daily.
Can go short at 108 for a target of 100 and stop loss of 116.
Once it breaks 100 , can go lower and finally in few months to zero .
THE TRADING RANGE IS OBSERVED TO BE 110 & 147.
MULTIPLE BOTTOM AT 110.
BREAKING OF THIS SHOULD SEE FURTHER DOWN TO 90.
IF IT STARTS TO MOVING UP IT WILL GO UP TO 124.
IT ALL DEPENDS ON THE POSITIVE NEWS FROM THE MANAGEMENT.
ONCE IT CROSSES THE RESISTANCE @ 148, NEXT TARGETS ARE:
159 / 187 / 212.
STOP LOSS - BREAKING OF THE UPWARD SLOPING TREND LINE (OR) RS.98.
MY UNDERSTANDING IT HAS TO GO UP.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Reliance Infrastructure Limited (RInfra) is involved in the infrastructure sector. The Company is a utility company with presence across the chain of power businesses, such as generation, transmission, distribution and power trading. RInfra operates through two segments: Power, and Engineering, Procurement, Construction (EPC) and Contracts. The Company, through Power segment, operates 500-megawatt Thermal Power Station at Dahanu, 220-megawatt combined cycle power plant at Samalkot, 48-megawatt combined cycle power plant at Mormugao, 9.39-megawatt Windfarm at Chitradurga, and also purchases power from third parties and supplies the power through its own distribution grid. The EPC and Contracts segment renders services in construction, erection and commissioning. RInfra's projects include coal based thermal power projects, gas based combined cycle power projects, solar photo-voltaic and solar thermal, hydro-electric power projects, co-generation plants and rural electrification works.
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RELINFRA
