Saturday, October 31, 2015

Relcapital Analysis: Abhishek Mittal

Reliance Capital is one stock which has been consistently out performing the markets for the last one month. This trade idea is a risky one. The stock seems to be moving in a 3rd elliot wave but despite decent volumes there was no explosive move which is a characteristic of the third wave. Once the stock crosses 430 long positions can be entered into with a tight stop at 410 for targets 480-500.

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