Skip to main content

Reliance Power can be short term buy can be taken

Last few year Reliance Power ltd  continually go down side company doesn't look good for long term investment but some level based conditional buy can be done so if wish to buy you can go for buy in 43.50-45 level with small Target- 49/55 maximum with strict stop of 42.  
Labels:

Comments

Post a Comment

Popular posts from this blog

Punjab National Bank Trading Strategies

Daily Trading Strategies                                                                                                      15/02/2017 Daily Level           Punjab National Bank R3- 147.00      Buy     Buy above 144.70 with Target-145.70/147 with Stop Loss-144.30. Note: If open price is below 144.70 than order is active  R2- 145.70 R1-144.70 Resistances Support      S...
Post a Comment
Read more

Nifty Trading Strategies

Daily Trading Strategies                                                                                                                                                                              15/02/2017 Daily Level                    Nifty R3- 8848            Buy        Buy above 8818 with Target-8831/8848 with Stop Loss-8808. Note: If open price is below 8818 than...
Post a Comment
Read more

Nifty Elliot Wave theory explained with projection of wave 4

NSE:NIFTY Till date  Nifty   on wave 3 on larger degree of  Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave  2  which is a corrective wave also match with  Elliot wave  rules and its take corrections within 50% of wave 1. ** On  wave 2  subdivision are also match with corrective wave patterns. ** Now comes to  Wave 3  which is need to match with  Elliot wave  theory where Fibonacci levels should be  161.8%  of  wave 1 , which is  11340  approx. ** If the  wave 3  subdivided into shorter wave degree, we can see the  5th wave  is forming and it has to be within  1.236-1.618%  of wave , equal to  wave 1 or 61.8%  of  wave 1+3 . ** So now comes to conclusion on 5th wave * Either  1.236- 1.618%  Fibonacci levels of  wave 4 ...
Post a Comment
Read more