Reliance
It had been one of the favourate counter in the past
Once again it will be in limelight.
Since its Top 954 in jan 2013 it has never cross that level.After that made a low of 765,Past few months it has been in 780-925 range.
Recent low 836 and then it gave a sign of +ve move above 843.
A move above 865 and Second Conformation above 875 will rise the level upto 915-925 level
On Weekly chart there are multiple tops around 910-925 level.
Major Resistance is at 975
Stocks Manages to surpass 875 can see 900+level and manages to close above its 2 major hurdle 925&975 stock can be seen around 1050 level(final target)
Buy Reliance Above 875 - Stop 835 Target 925-975-1050
*Always trail the stop loss,On higher levels keep booking profit and add on dips.
It had been one of the favourate counter in the past
Once again it will be in limelight.
Since its Top 954 in jan 2013 it has never cross that level.After that made a low of 765,Past few months it has been in 780-925 range.
Recent low 836 and then it gave a sign of +ve move above 843.
A move above 865 and Second Conformation above 875 will rise the level upto 915-925 level
On Weekly chart there are multiple tops around 910-925 level.
Major Resistance is at 975
Stocks Manages to surpass 875 can see 900+level and manages to close above its 2 major hurdle 925&975 stock can be seen around 1050 level(final target)
Buy Reliance Above 875 - Stop 835 Target 925-975-1050
*Always trail the stop loss,On higher levels keep booking profit and add on dips.
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