Will it be able to get out of its congestion zone of 600-620 and start its new leg of an up move?
Rel Infra after a quick fall looks to be recovering - can it break through the 605 barrier this time is the question. Wait and watch
reliance infra could look to move towards 625-640 if the lower end of the channel support holds.
SHORT RELINFRA NOV FUT ON HIGH NEAR 490-493...TRGT- 480-474-455
FAST TRADING SYSTEMS
Rel Infra supports 581, breakdown it tgt up to 574/567/553 above 581 tgt 588/602
Long on Relinfra with sl of 570
Target 793, SL 580
Reliance Infra - as per wave analysis chart looks like Long term Downside. On medium term we get some corrective upside.
On next 7 to 8 trading we can expect price could reach 440 region.
Resistance = 565, Support = 490
Weak below 502, Resistance 550, Support 455, 410, 351.
sell reliance infra 540-545 with the small stop loss 554 for the target 490