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srikartiram
Feb 16, 2021 5:24 AM

RELIANCE | Expecting breakout it is having some decent support Long

RELIANCE INDSNSE

Description

RELIANCE | Expecting breakout as it is having some decent support | Lets experiement a limited risk option spread similar to what we did in BANKNIFTY

CMP : 2060
SL : 2000
Target : 2170,2335

Since RELIANCE is strong and heavy weight stock its worth trying F&O if you are aggressive trader.

Buy 2100 CE
Sell 2150 CE or 2200 CE

Trade closed: target reached

Comments
iahmed964
Hi Karthik,
Your analysis are just wonderful. Can you share some ideas on how to predict the SL of any stock?
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