Reliance Long opportunity
RELIANCEStock - Reliance
TimeFrame - Daily
Hello all!
Reliance has been following a trendline since March 2020. It came back to its lower trendline, took support, consolidated for a while, and bounced back. It also broke its previous swing high with healthy volumes. This generates an opportunity to go long!
Besides Price action, Reliance also has support from its 50 day EMA.
The Risk is pretty small which makes for a good Reward to Risk Ratio.
*NOT A CALL*
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