Posted by avinashmkb under
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Dear all ,
After RIL moved past its earlier resistanc levels of 1200 levels it seems to have now headed towards its resistance in the channel formation.
I see that the stock could face resistance at around 1250-1255 levels . If the stock manages to cross that and give us a breakout on the upside then i see further potential for the stock.
Upside Breakout from channel signalled by price ->> 1260-1265 (closing basis)
Target if Upside breakout happens ->> 1320-1330
If the stock does not cross 1250-1255 for the next 3-4 days then one may open a short in the stock with a possible downside target of 1200 levels.
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Posted by avinashmkb under
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Recommendations made by the author follow the PIYP (Pay if You Profit) model and should not be considered as free. Details on the PIYP model can be accessed at the following link
Whats PIYP Model ? Investing in Stock markets involves risks . Hence the author is in no way liable for losses made by readers of the SmelltheCheese Blog or SmelltheCheese googlegroups.
Posted by avinashmkb under
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Recommendations made by the author follow the PIYP (Pay if You Profit) model and should not be considered as free. Details on the PIYP model can be accessed at the following link
Whats PIYP Model ? Investing in Stock markets involves risks . Hence the author is in no way liable for losses made by readers of the SmelltheCheese Blog or SmelltheCheese googlegroups.
Posted by avinashmkb under
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Recommendations made by the author follow the PIYP (Pay if You Profit) model and should not be considered as free. Details on the PIYP model can be accessed at the following link
Whats PIYP Model ? Investing in Stock markets involves risks . Hence the author is in no way liable for losses made by readers of the SmelltheCheese Blog or SmelltheCheese googlegroups.
Posted by avinashmkb under
Trading PicksNo Comments
Arrange your own love marriage? Register at Shaadi.com Matrimonials
Recommendations made by the author follow the PIYP (Pay if You Profit) model and should not be considered as free. Details on the PIYP model can be accessed at the following link
Whats PIYP Model ? Investing in Stock markets involves risks . Hence the author is in no way liable for losses made by readers of the SmelltheCheese Blog or SmelltheCheese googlegroups.
