- Reliance Capital has formed a good base near 435 - 440 levels
- The stock has retraced 0.618 from the move of 290 - 670 and now forming a cup and handle bullish pattern
- Thus the counter can be accumulated around 475 - 485 with a strict stop loss of 464 for targets of 548 and 584
Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
- The stock has retraced 0.618 from the move of 290 - 670 and now forming a cup and handle bullish pattern
- Thus the counter can be accumulated around 475 - 485 with a strict stop loss of 464 for targets of 548 and 584
Daily chart
Raju V Angadi
Equity Research Analyst
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Disclaimer: This is just an view based on the research of individual for educational purpose. So kindly trade along with the consultation of your financial adviser, market trends, price action and own risk appetite considered while investing or trading in markets
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