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Reliance Capital Bounce Back

Discussion in 'Technical Analysis' started by ilyasmohammed1, Jun 26, 2013.

  1. ilyasmohammed1

    ilyasmohammed1 Member

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    Reliance Capital bounced back from Major support and looks good to enter now. Looking forward for your suggestions.
     
    ilyasmohammed1, Jun 26, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No I don't see the bounce. Still should be avoided.
     
    shabbir, Jun 26, 2013
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  3. ilyasmohammed1

    ilyasmohammed1 Member

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    Hi Mr.Shabbir,

    What is your view now on Reliance Capital. Trendline Breakout and triangle breakout?

    Regards,

    Mohammed Ilyas
     
    ilyasmohammed1, Jul 1, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    The breakout above 350 looks really great but discomforting is the lower bottoms being formed prior to those and so now the stop loss would be 310 which is slightly lower than what I would love to have.
     
    shabbir, Jul 2, 2013
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  5. thakurtas

    thakurtas New Member

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    Dear Shabbir
    I am back in kolkata
     
    thakurtas, Jul 8, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Welcome back.
     
    shabbir, Jul 8, 2013
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