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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him for professional levels trading ideas or signals through Gmail/telegram ID: ashishghoshjpg/asisjpg

Tuesday, 9 August 2016

Relcapital: 460-470 may be a big hurdle despite foray into ARC business-----

Trading idea:Rel Capital

 CMP: 443

 Sell around 460-470 OR on rise around 485-495;

 TGT: 430-419*-403-390*-375-365*-348-325* (1-3/6M)

TSL> 475 OR > 500
Note: Sustaining above 475, RCL may further rally towards 485-495 zone, which should offer strong technical resistance and only consecutive closing (3 days) above 500 zone for any reason, it may rally towards 525-565*-620 & 670-705-725* in the near to long term (alternative bullish case scenario from the present trading level).

Anyone, holding long position in the counter and continue to do so, may also watch 430-419* zone as a near term positional support area.

To be updated more----


Analytical Charts:









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