Reliance has good support near 1540 levels and and there is a probability of shark pattern , whose support levels also aligned with price support@1540
Hence , i am expecting stock would most likely bounce from there and retest its recent highs around 1600 levels.
So its a temporary long trade
Trade type - Risky - only for pro traders
I am bullish on the stock only above 1650, till then stock can trade in between 1620 - 1540-1520 range.
Hence , i am expecting stock would most likely bounce from there and retest its recent highs around 1600 levels.
So its a temporary long trade
Trade type - Risky - only for pro traders
I am bullish on the stock only above 1650, till then stock can trade in between 1620 - 1540-1520 range.