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.

No comments: