Monday, October 6, 2008

October 6, 2008, Single Stock

RIL - RIL broke all its supports on Friday to close just below the previous low of 1765. To show a sign of recovery, RIL has to break 1827. However that seems unlikely.

Trading Strategy: Play for supports/resistances breaks or bounces.
Supports: 1745, 1683
Resistances: 1827, 1888-1900,

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