Momentum_Catcher
Long

#RNAM - Buy if its break 240

NSE:RNAM   RELIANCE NIPPON LI
RNAM

Analysis

Daily Candle

1.Its above both 200 DMA and 150 DMA.
2.Its above both 50 DMA and 20 DMA
3.Its has been consoldition from last 45 Days.

Weekly Candle

1. Looks like is has formed good uptrend.
2. But bad thing was its below trend line as of now.
3. 240 level is very crucial.
4. Volume is decreasing last 12 bars, squeeze 34 % decreases.

Plan

1. If it will above 240 with good volume then Buy
2. SL 225 . Approx 7-8 %
3. Target 10 %
4. 274 would be first Resistance.
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