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rel. media

Discussion in 'Technical Analysis' started by ambikamishra79, Oct 7, 2012.

  1. ambikamishra79

    ambikamishra79 New Member

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    I have rel media @83.5.can anybody tell me what to do with it now.Whether i should keep it or sell it.what should be the stop loss.
     
    ambikamishra79, Oct 7, 2012
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  2. yankeedin

    yankeedin Responder

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    You should keep SL at 60-61. I feel it should consolidate between 75 and 85 before moving to target of 95-97 which is major resistance for the stock.
     
    yankeedin, Oct 7, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    72 should be the stop loss.
     
    sanjay_sansanwal, Oct 7, 2012
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  4. drsuraimardi

    drsuraimardi New Member

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    There can be 2 stoplosses based on your trading style ; first is 76 and second is 72
     

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    drsuraimardi, Oct 7, 2012
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  5. drsuraimardi

    drsuraimardi New Member

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    In weekly chart of Reliance media rounded bottom is being formed.It's a buy above 98 for a target of 144 if breakout happens with good volume.
     

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    drsuraimardi, Oct 7, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    Yes and I don't see any reason for 70+ to be a stop loss.
     
    shabbir, Oct 7, 2012
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