This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
Sunday, August 22, 2010
Rel Media - Fibonacci chart
Reliance Media moved after touching the support of 193. 10 avg olume is 2 lakhs shares & on friday the script rose on volume of 6 lakhs+.
Now depending upon your risk profile , you can put stop loss of 192 , 197 or 201.
There is a probability of Rel. Media closing near 209 -212 level tomm.
As per chart, next level is 260 , where profit can be booked.
Please go through the disclaimer mentioned elsewhere on the blog.
Disclosure : I am holding the positions in above mentioned stock.
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