Reliance Capital - Turning Around at Strong Support Zone

22 Kas 2016

It is been observed on Daily chart that the price action dropped down more than 20% from the highs of 580 levels, highly dominated by sellers. Now, I believe it has reached to a strong support levels where the big buyers shall be coming back in the market with a high demand that will take up the prices to the 23.6% Fib levels.

Target: 450
Stoploss: 395
Risk Reward: 1:2

22 Kas 2016

İşlem aktif

23 Kas 2016

İşlem aktif

25 Kas 2016

İşlem aktif

28 Kas 2016

İşlem aktif

29 Kas 2016

İşlem aktif

1 Ara 2016

İşlem kapandı: hedefe ulaştı

Today, it made a high of 447. Regards