Hi Friends,
I got the request from one of my follower to give the update on Reliance, So here it is.
RELIANCE gave Huge run, So far it is good. But now it is the decision time.
you might have these questions in your mind.
Shall I enter at this price?
Shall I book profit?
Shall I accumulate the stock?
Resistance area for Reliance is 2244 - 2266 (it is 2-3% away from cmp), once it brake the resistance it will give huge brakeout. So for any fresh buying waiting to cross the resistance area is advisable.
For short sellers (very few, but any) keep stoploss of 2267. (REMEMBER PROFESSIONALS ENTER THE TRADE WITH STOPLOSS IN MIND, but armatures like me :P , enter the trade with profit in mind. )
For profit booking it is your choice........
Your Humble trader,
KIRAN
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I got the request from one of my follower to give the update on Reliance, So here it is.
RELIANCE gave Huge run, So far it is good. But now it is the decision time.
you might have these questions in your mind.
Shall I enter at this price?
Shall I book profit?
Shall I accumulate the stock?
Resistance area for Reliance is 2244 - 2266 (it is 2-3% away from cmp), once it brake the resistance it will give huge brakeout. So for any fresh buying waiting to cross the resistance area is advisable.
For short sellers (very few, but any) keep stoploss of 2267. (REMEMBER PROFESSIONALS ENTER THE TRADE WITH STOPLOSS IN MIND, but armatures like me :P , enter the trade with profit in mind. )
For profit booking it is your choice........
Your Humble trader,
KIRAN
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ZOOM OUT FOR BIGGER PICTURE
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