Depends on Nifty. trade careful market is volatile. Just My view on market, Do your own Research and trade.
RIL all time high came way ahead of the Nifty in September 20 itself. Since then it has had made rapid declines and from mid november ran sideways in to a triangular formation. Today's leap up could turn out to be the final wave e within this triangle that forms a larger degree wave iv. A goal of 1650 wont be audacious with a review in between at 1840 for take...
Summary of behaviour of nifty & banknifty & other stocks after US election voting count as on 4th november 2020.
When you are on same track along with reliance and nifty then you can never loose.
What is hit and run trade ? 1.Got very good partials when it was trading at high's. 2.It hit my target , I took my partials . 3.Stock went back to it's stop loss. 4.If I would have not taken partials at right time , I would have ended in loss. 5.Got out when the stock hit it's stop loss.
Here is my second Idea for today.