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Reliance capital around support

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NSE:RELCAPITAL   RELIANCE CAPITAL
Reliance capital finding support around 525-540 zone & high chancees are for reversal. Trendlines & support line merged at this zone. Fibonacci retracement level & Stochastic level (oversold) also supporting the bounce. Future can also be added in view of a 7-10 days.

Level to enter=528- 538 but can enter at cmp also....
Target 574, 585 & more
SL 521

keep strict stop loss...
there is not much to go but reward can be good....

best of luck....
評論:
Trendline of MACD also denies trendline of price action which shows trend reversal...
評論:
Good going....Target 1 of 574 achieved...book 50% (partially)
評論:
Yes, 2nd target of 585 almost reached also.....pls book 25% nearby
Pls note above 588-590 level it can zoom to 600 or above (for remaining 25%)
best of luck
評論:
If Rel cap surpass 592-595 zone(imporatant hourly chart breakout resistance) & stays for atleast 1 hr, it can zoom to 620-625 level.

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