Reliance capital at very crucial level

  Reliance capital more or less is on weak ground for last many months looking at its long term chart. But this week it has arrived at a very crucial level of 330. If it trades below it then it has full potential to test levels of 260 and below this 170. So in coming week stay short below 330 for target of 260 and long above 330 keeping stoploss of 325 for target of 400. But over all reliance capital has become very week and Nifty is also not supported for Bulls at present.

disclaimer: this view is only for educational purpose. It is no recommendation to Buy or sell or hold any stock.
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