Reliance bullish swing above 2400
Hello traders, no updates on the last stocks due to limited time I have right now.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.
Buy above - 2400
Targets marked in the chart above
RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.
Buy above - 2400
Targets marked in the chart above
RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Trade aktif
Already sitting on 2.4% gains in cash.Godspeed
Trading ditutup: target tercapai
Target 1 hit.Godspeed
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.