RELIANCE INDUSTRIES LTD

Pembelian

Reliance/NIFTY reclaimed the Covid line

Diupdate

Watch the chart carefully M, W, D and H.
On the last hours of Friday, at the end of the quarter, post expiry, RELIANCE reclaimed a lost September Line from the Covid lows.
I'm long and will be adding to the longs on Reliance for Q4.
If necessary to hedge, I will short equal size NIFTY, unless this line is breached under again.

Trading ditutup: stop tercapai

Actually, it is over for RELIANCE. for now anyway.

Catatan

Reliance got rejected from that line on Friday. But thats the line to watch.

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