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Rel Capital: Bottom fishing or trying to catch falling knife...
Rel Capital
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
交易結束：目標達成
Made a high of 143.90 so far.Cmp 143. Thats 10% for the taking...!!!
Consider booking profits as per risk apetite.
For more trading ideas Follow us and Do hit the Like button
Thanks & regards
Vaibhav Deshpande
Indiamarketoutlook
註釋
There you go.... Makes a High of 145註釋
T2 of 151 achieved交易結束：目標達成
Made a high of 188 so farAll targets done...
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