Time to buy reliance

by loke4300 on August 27, 2010

Both MACD and SS are showig bullish divergence.  Besides, the stock has just seen one way correction, begging to be pulled back from these oversold levels.  Therefore, reliance becomes a good swing trading candidate on the long side for around 7-10 days.

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{ 2 comments… read them below or add one }

Ahmad August 31, 2010 at 5:31 pm

good you did not give a stoploss, or it may have been hit!

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Ahmad August 31, 2010 at 7:03 pm

within 3 days of your buy call reliance has come down to 915 :P

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