Reliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade
Trade aktif:
Trendline broke but wait for retracement.
Trade aktif:
Strength coming in
Trade aktif:
2% up from breakout
Trade aktif:
Today's fall was on back of higher volume. If you want to enter, wait for the retest of 50 or 200 DMA. They will provide support to the stock
Trade aktif:
5% Up from breakout level. It is advisable to book out 50% quantity
Trade aktif:
2,500 achieved
Trade aktif:
8% up from breakout
Trade aktif:
One can book rest of the quantity around 2,580 levels
Trading ditutup: target tercapai