Reliance is forming an descending triangle near its support zone of 842, Unable to hold the same stock can go down sub 800 levels.Pattern gets invalidated on close above 882.
Buy above 860 Tgt 869,880 and 890 SL 856
Sell below 847 Tgt 839,830 and 824 SL 851
Reliance Capitals as discussed in previous analysis unable to close above 350 will invite correction, Stock is heading towards an important support zone of 312-310. Unable to hold the same Reliance capital can see 285 odd levels in short term.
Buy above 318 Tgt 322,326 and 331 SL 315
Sell below 308 Tgt 303,300 and 295 SL 311
Buy above 3026 Tgt 3042,3060 and 3080 SL 3019
Sell below 3000 Tgt 2986,2964 and 2947 SL 3008
Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/ Net Profit for the month of Aug is 80.5 K
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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