Technical Calls:Reliance Capital,bank Nifty and ICICI bank

The market does not care how you feel. It will not prop up your ego or console you when you are down.Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed.

Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.

 

Reliance Capital

After Looking at Reliance Capital Stock i wonder what can be the bottom of the stock. Stock has been falling relentleely from high of 2900 to low of 275 . Stocks looks quiet oversold on charts and a technical bounceback is on cards provided it starts trading above 296.Close above 296 will get the stock ready to move towards higher targets upto 330.

 

If you see the Monthly charts Rel capital took support at 275 which was ...

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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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