Ones who want to try a trade on this analysis can long reliance with a stop loss of more than a percent from present levels and hold it.
Risky players can even try immediate strike price or 2550(resistance)call option.
Regards
Rish
Tuesday, May 27, 2008
>Reliance
After making an high of 2674+ Reliance has been falling consistently and has lost more than 200 points in this fall things looks upbeat for this stock for couple of trading sessions at least so reliance should try to touch 2560-2550 in the coming days to complete corrective wave rally.
Ones who want to try a trade on this analysis can long reliance with a stop loss of more than a percent from present levels and hold it.
Risky players can even try immediate strike price or 2550(resistance)call option.
Regards
Rish
Ones who want to try a trade on this analysis can long reliance with a stop loss of more than a percent from present levels and hold it.
Risky players can even try immediate strike price or 2550(resistance)call option.
Regards
Rish
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