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.


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.


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