Wednesday, August 11, 2010

RELIANCE ENERGY - STARING DOWN THE BARREL

RELIANCE ENERGY



Reliance energy had a breakdown of sorts today.


charts look very weak.


For tomorrow's trading, reliance engery can be shorted at 1100 levels with stop above 1121


for targets of 1060 and 1045.


In case the stock opens below the first target, trade should be abandoned.


NEXT: Nifty Trading Plan


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

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