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Tuesday, 12 March 2013

Reliance Industries

Reliance Industries
Reliance Industries is taking support @ 843 which is a Gann angle support.
A long trade can be initiated @ 844 with tight stop-loss @ 840 for the 1st target of 861, 2nd target 884
&
A short trade can be initiated @ 839 with tight stop-loss @ 845 for the 1st target of 814, 2nd target 767

A close above 862 will take this counter to 884 and a close below 840 will drag it to 814 levels. So, a trade can be initiated in both sides with respective levels.

Happy trading !!!!


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