SUMMARY FOR RELIANCE -stock has formed multiple tops and bottoms on weekly chart -a break in a falling trendline is possible -wait for a confirmation -we are about to enter the supply zone -a weekly close above the supply zone will lead to re-rating in the stock
"WEEKLY CLOSE ABOVE 2240 IN FUTURES /SPOT IS IMPORTANT FOR NEXT EXTENSION" "WAIT FOR A CONFIMRATION" "YOU CAN BUY ON A THROWBACK"
RELIANCE JUNE FUT BUY@2240-2245(WAIT FOR A CLOSE ABOVE 2240) STOP@2175 TARGET-1@2343 TARGET-2@2425 TARGET-3@2478 QTY="YOUR CHOICE'
NOTE:- -MANAGE RISK -DO NOT OVERTRADE -DO YOUR OWN RESEARCH
Nota
wait for it to close above 2243 then only look for longs we will wait
Nota
wait and track market is still in the supply zone advance levels to watch 22438-2245 breakout should confirm upside trend need to wait and watch
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