May 04, 2015

Reliance Capital (NSE Cash)

BUY
` 397
` 409 - 406
` 432

402

398

422

433

Bullish

DAILY CHART

Source: Falcon (Chart time IST 09:25 )

The stock is trading in the sideways direction around the support zone from last three trading
sessions.
The daily chart portrays a Wolfe Wave structure. The said pattern requires a 5 Points move and a
reversal sign around the 5th point.
As per the requirement, we can clearly witness a 5 Points move and a placement of the 5th point
around the 127.20% reciprocal retracement of the up move from 3rd to 4th point.
However, a reversal around the 5th point is yet to be confirmed. Considering the positive crossover of
Stochastic oscillator from the oversold territory, we anticipate the stock to bounce back from current
levels. Thus, we advise traders to buy this stock from current level to a decline up to ` 406 for a
target of ` 432 in coming 1 2 weeks. The stop loss for this trade set up can be kept at ` 397.

May 04, 2015

Reliance Capital (NSE Cash)

Last 5 recommendations
Date

Stocks

Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss

Status

23-04-2015

PNB

BUY

162-161

173

156

SL Triggered

24-04-2015

Ambuja Cem

BUY

233-231

246

226

SL Triggered

28-04-2015

Tata Motors

BUY

524 521

550

508

SL Triggered

29-04-2015

Axis Bank

BUY

544-541

576

528

Target Achieved

30-04-2015

Reliance Inds

BUY

860-855

869

910

835

Active