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.
Showing posts with label reliance media. Show all posts
Showing posts with label reliance media. Show all posts
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.
Subscribe to:
Posts (Atom)