RNRL heading to 34


On the weekly chart you can see that RNRL is now above the resistance line. Now one can expect it to move to 34 level easily.

2 comments:

Sujit said...

Hi, I have 100 RNRL at 21.50, i want to add more, what do you think can be the right price to add at.

yndesai said...

Since as predicted RNRL have reacted from the 34 level. I suggest you should book profit in it at this level and enter again only in 2 conditions.

1. If it breaks 34~35 level and start moving up.

OR

2. It moves to bottom ie 22~23 level and reverse again.

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