Reliance Industries to resume its uptrend !

RIL trading in a range for the past many days, likely to give a breakout on the upside. Stock was able to close above 20 & 50 day moving average on Friday.

Buy the Monday's open with a stop of 906 or close below 20 day moving average. Should touch 955 by Friday !

Risk:Reward = 1:2

Let me know if you think differently.

Yorum:

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