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BlackPearlA

Short Reliance on break above Resistance

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RELIANCE INDS (NSE:RELIANCE)  
BlackPearlA  
NSE:RELIANCE   RELIANCE INDS
Supply and Demand relianceshort
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supplyanddemand relianceshort
snapshot

After AGM RELIANCE has moved up 12.5% roughly on 13-08-19. A break above Resistance which was a support prior to the break down could potentially provide ashorting opportunity.
Expecting the scrip move towards 1315 with potential profit booking zone.
Stop loss placed at 1326.80 and Target at 1290.75, R:R at 2:1

Note: Always risk 1% of account size per trade.
Aviso legal

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