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reliance capital

Discussion in 'Technical Analysis' started by ajaysinghchand, Dec 26, 2012.

  1. ajaysinghchand

    ajaysinghchand New Member

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    dear shabbir

    can we buy R capital with an anticipated breakout at current level 481 with a stop loss of 453 since the next sp for the stock is very deep at 380 levels
     

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    ajaysinghchand, Dec 26, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes perfect levels.
     
    shabbir, Dec 26, 2012
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  3. eldermanojjain

    eldermanojjain New Member

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    what are resaon for buy relince capital here?
     
    eldermanojjain, Dec 26, 2012
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  4. ajaysinghchand

    ajaysinghchand New Member

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    well a riskier trade

    the stock on its uptrend formed a double bottom around 320 levels

    it broke out from 383 levels to again bounce off the the same as sp

    now it is at its previous high of 481 which it tried to breach lately

    in case it breaks out now it would go higher

    the sl being at 453 ie 30/480~ 6% is at good risk reward ratio
     
    ajaysinghchand, Dec 27, 2012
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  5. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Whats your view on this stock as it has good support at 375-380
    Can this stock be bought above 380???

    regards
    Veren
     
    verenmitter2001, Mar 7, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    No I would not as I don't see any pattern in this stock
     
    shabbir, Mar 7, 2013
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