Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

Relinfra Futures : Bearish Outlook

22 sec read

relinfra

 
 

Relinfra Outlook : Bearish
Short term trend : Down

 

Relinfra futures closed the week @ 686.80 the high made for the week 707.75, Relinfra has made bearish close for the week, the last two weekly bars are bearish bar.

After a magnificent move from march 2014 the stock doubled more levels of 350 and made the high of 800+. As per Fibonacci levels the stock is making its retracement and currently below 23.6% retracement levels of Fibonacci. The trend line support for relinfra is @ 674 below which there can be a sharp correction toward 630 580

Fno Trades can open shorts below 680 with protective stops of 710 for a target of 630-580.

Mohit Jhanji Trading in Stock Market Since 2006. Iam working as a Technical Analyst in Wealth Creator. Wealthcreator.co is a research firm. We have Been Serving The Traders Of Indian Stock Market, Commodity Market From Past Seven Years With Tailored Products To Meet The Needs Of The Individual Retail Trader, Brokers,Corporate & High Net Worth Individuals & NRI’s.

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2 Replies to “Relinfra Futures : Bearish Outlook”

  1. Luck Favor’s The Prepared !
    Relinfra
    Nifty Future
    ShopperStop{
    Petronet

    There is only one way to make money – Prepare The Plan, Execute The Plan – REPEAT it over & over
    wealthcreator

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