RIL trading in a range for the past many days, likely to give a breakout on the upside. Stock was able to close above 20 & 50 day moving average on Friday.
Buy the Monday's open with a stop of 906 or close below 20 day moving average. Should touch 955 by Friday !
Risk:Reward = 1:2
Let me know if you think differently.
There is a buy setup on Dabur with a good risk reward ratio. Buy the stock at open tomorrow and hold the stock as long as it holds 20EMA on the closing basis.
Currently 20EMA is at 339.95 and it has been respecting it for 46 days now and we also have a support Trend Line around the same level.
Stock is witnessing low volatility for a few days now, ...