Long
Reliance Capital - Turning Around at Strong Support Zone
It is been observed on Daily chart that the price action dropped down more than 20% from the highs of 580 levels, highly dominated by sellers. Now, I believe it has reached to a strong support levels where the big buyers shall be coming back in the market with a high demand that will take up the prices to the 23.6% Fib levels.
Target: 450
Stoploss: 395
Risk Reward: 1:2
Target: 450
Stoploss: 395
Risk Reward: 1:2
Trade active
Trade active
Trade active
Trade active
Trade active
Trade closed: target reached
Today, it made a high of 447. Regards
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.