Reliance works in compression and expansion type. After every compression state there will be an expansion.now for the past three months reliance has been in compressed state. Wait for the break out. And then a pull back and then pick up the trade.
@qualimec,After break out wait for pullback and check with rsi below 30 - buy,rsi above 75 - sell
nikhilkambli2011
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@teamGapup,i have bought 1860 ce 2 days back. ur views plz
arunkewat74
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@nikhilkambli2011, So now you are feeling awesome about your yesterday's convinction
teamGapup
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@nikhilkambli2011, very good.. Always maintain a strict stop loss.Market will be sideways one day it will go up and next day it will come down.look at the sma .All are above the candles.they will act as resistance for the candle to move upward. After that only we can decide the trend.