Tuesday 29 January 2013

Technical view by Nooresh

Technical view by Nooresh


Reliance Inds – Re-test of Breakout

Posted: 29 Jan 2013 09:05 AM PST

RelianceDipBuy thumb Reliance Inds – Re test of Breakout

 

Reliance Industries.

 

- > The stock gave a good jump on the result hitting 950 levels an confirming a breakout.

- > Now the stock is re-testing the breakout levels of 870.

- > A good trade now would be to buy on dips with stoploss of 840 for an upside to 920-950 in short term.

 

 

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Nooresh Merani

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Related posts:

  1. BSE MIDCAP and BSE SMALL CAP INDEX – Down 6-8% from peak and re-testing breakout zones. Short term bottom possible in next couple of sessions
  2. Defty – Nearing a breakout above 4000
  3. Reliance Inds – Breakout but will see resistance at 1040-1050.

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