August 25, 2015
Reliance Ind (NSE Cash)
BUY
` 815
` 840 - 835
` 880
5-10 sessions
828
818
862
880
Bullish
HOURLY CHART
Source: Falcon (Chart time - IST 10:30)
On weekly chart, prices are trading around the long term trendline support.
On hourly charts, prices have formed a ‘Hammer’ pattern and the volumes are improving,
which indicates that the stock may show a pullback rally in near term.
The ‘Stochastic’ indicator has given positive crossover from its oversold zone, thus indicating
positive momentum.
Considering these evidences, we advise traders to buy this stock from current level to a
correction up to `835 for a target of ` 880 in coming 5 to 10 trading sessions. The stop loss for
this trade set up can be kept at ` 815.
August 25, 2015
Reliance Ind (NSE Cash)
Last 5 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
Active
25-08-2015
TCS
BUY
2585 - 2570
2575
2710
-
2510
Target Achieved
21-08-2015
Maruti Suzuki
SELL
4555 - 4575
-
4310
-
4700
Target Achieved
20-08-2015
LT
SELL
1780 - 1785
-
1705
-
1828
Exited at 264
19-08-2015
M & M Fin.
BUY
265 - 263
-
282
-
255.50
SL Triggered
18-08-2015
Lupin
SELL
1758 - 1768
-
1645
-
1818