mrrao1922

RIL long - corno losing this power | Oil is at good buy level

Long
mrrao1922 Updated   
NSE:RELIANCE   RELIANCE INDS
these are the three target levels which can be achieved within 30days
key factors:
--> 1month for RIL for becoming debt free, we can except news at any time
-->good surge in oil price after steep down in last week
-->Results are good for keeping nifty at support level 12100
-->Corno virus losing this effect - fast recovery of patients also summer is coming in China
Trade active:
1st target achieved
Trade active:
Heading towards over second target 1490
Trade active:
SL 1470 Target 1490
Comment:
Second target done !!
Trade active:
AGR helped RIL to touch 1500 and dropped to 1484
(=>1472 107cr block deal happened)
hence this price 1468 to 1482--> strong volume and price act as support
if market is green at monday-- then target 1520
Trade closed: target reached:
From 1430 to 1505 reached due to continuing issue in oil and corno
Added agr issue - strong resistance at 1510 so better close the trade here!

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