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Relaince Power - Head and shoulders

Discussion in 'Technical Analysis' started by sujan4bw, Aug 24, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Rel Power has formed head and shoulders pattern. Below 85 can be shorting point.

    Please correct me If I'm wrong.

    Regards
    Sujan
     

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    sujan4bw, Aug 24, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    When shorting, I always prefer shorting in spike because shorting below the cracking support is too sure shot strategy. Something like an FD and so it less profits.

    Suggest you to look at http://shabbir.in/when-short-stock/
     
    shabbir, Aug 24, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    BTW your levels are perfect.
     
    shabbir, Aug 24, 2012
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  4. sujan4bw

    sujan4bw Member

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    Thx Shabbir, Thanks a lot for your support.
     
    sujan4bw, Aug 24, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Aug 24, 2012
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  6. sujan4bw

    sujan4bw Member

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    Rpower breached support level 86...now it is trading at 75.2
     
    sujan4bw, Aug 31, 2012
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