Thunder918

reliance Serious acccumulation and consolidation happening.

Long
NSE:RELIANCE   RELIANCE INDS
some vey vey serious trading going on in reliance.
right now trading in a box
watch out closely the trades in next 4-5 session.
i personnaly feel that the consolidation is happening before reaching next target of 2500. however, since we know that it is a very heavily operator influenced stock, stoplosses may be triggered .
Opinion:
(1) buying october futures OR
(2) selling of current month put option, as per risk appetite.
(PS:- stoplosses are a must for all trades)

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.