Support at lower end @ 5245 (3 hour lows @ 5245 yesterday.)
and lower @ 5220-5225.
For Bulls: If it is a running correction, big moves ahead.
For Bears:Overbought with negative divergences.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
11 comments:
gm evrybody,
i m holding rel 1005pa@ 10 2lots can u plz guide me on this
regards
hello
cameto know relianceis going for 200 ruppess up move
from sources
syamala
thnx
lol Dear Syamala
In a bear market at 3000, many such sources gave tips that reliance will go to 600-700 instead it came to 3000 :-)
Such rumors are wish list most of the time, that source his long and he wish RIL to move up 200 so that he makes gains lol
Regards
HI
Reliance:
There huge CAll OPtion OI at 1110 and 1080 stike price.
So difficult to figure out such a move..
Is there any technical way...we can figure out such a move.
regards
syamala:
No offenses intended. But calls made from a "friend of friend" or "a reliable source" are usually wrong. These kind of calls are generally based on nothing but rumours. I wish you had indicated the source so that their credibility could be judged - I mean if Ambani says this....I would pledge everything and buy tons of RIL....but otherwise...hell no.
A far more reliable source - based on previous predictions - (Robert Prechter, etc) has predicted a DOW JONES INDUSTRIAL AVERAGE target of < 1000 - corresponding S&P 500 target would be 125 - within 2015/16. Disclaimer: I don't think this is feasible. Although Dow 4000 and S&P 425 looks very likely.
Here is an actual WAVE prediction that was made in MARCH/APRIL 2009.
http://2.bp.blogspot.com/_TwUS3GyHKsQ/Sfr1gfRMzUI/AAAAAAAAAc0/TMGObmALEHA/s1600-h/week.png
Look how eerily this prediction has played out. Based on this, I think we have only a week or so to go, before something terrible happens.
Before something terrible happens downwards, may be, something dazzling may happen upwards...taking Reliance 200 Rs up.
Shyamala (like your tech understanding ability)
RIL:
Minus side - getting press in AP - on ex-CMs accident - reported in papers today. Any violence (as happened yesterday)/disturbance may affect KG performance short term.
Plus side - Technically performance is good and positive results expected. Has mobilised huge funds thro treasury stock sale to finance foreign take over.
Tech table as of the movement Pivot (intra) at 1099 - suggests weakness below the levels. Some brokers have given "sell" call also.
Decision is yours. We are in a crowd - hear the noise, don't be deaf - but listen to your mind and Ilango.
Disclaimer ; I am long in RIL
Regards,
S Rajagopal
Here is the link for Dow sub 1000 prediction.
http://4.bp.blogspot.com/_TwUS3GyHKsQ/Sz43S3Ow_QI/AAAAAAAADS0/cC7SGtC9eQk/s1600-h/Grand+Supercycle+III.png
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