Buy above 144 Tgt 146.6,149 and 152 SL 143.5
Sell below 141.5 Tgt 140,138.5 and 136.5 SL 143.5
Reliance is trading near its downward falling trendline resistance,200 DMA and formed a DOJI candlestick signalling reversal is on cards.For Positional trader Buy can be done with close above 836 only for target of 847 and 858. Till 836 is not crossed stock will remain in Sell on Rise category.Intraday traders can use the below levels to trade
Buy above 826.5 Tgt 830,834 and 840 SL 823
Sell below 817 Tgt 814,808 and 803 SL 823
Buy above 343 Tgt 345.5,348 and 351 SL 340
Sell below 339 Tgt 335,330 and 325 SL 341
- 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.