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 ativo:
Trendline broke but wait for retracement.
Trade ativo:
Strength coming in
Trade ativo:
2% up from breakout
Trade ativo:
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 ativo:
5% Up from breakout level. It is advisable to book out 50% quantity
Trade ativo:
2,500 achieved
Trade ativo:
8% up from breakout
Trade ativo:
One can book rest of the quantity around 2,580 levels
Trade fechado: objetivo atingido