RELIANCE IND. triangular pattern breakout for NSE:RELIANCE by rvbhatt

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trendanalysis supportandresistance supplyanddemand triangularpattern breakouttrading relianceindustries

Reliance triangular pattern breakout in last 30 minutes candle.
Expecting gap up tomorrow
Supply zone @1555-1576

Trade closed: target reached: Profit booked @1576

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Comments

Nice Analysis Ravi.....

Swapilchoksi

@Swapilchoksi, thanks :)

rvbhatt

@rvbhatt, This was a Indeed GapUp Good catch

Hi, can we see a correction in coming days to buy at lower levels. Please share your analysis.

bharatssr

@bharatssr, I am not seeing Reliance below 1320-1420 zone, it is in strong bull run but it will retrace to some extent.
It is advisable to buy if it comes near to these zone with staggering way on dips.

rvbhatt

@rvbhatt, thanks for replying. So strongly u see, this would be the right levels to enter within this month?

bharatssr

@bharatssr, keep checking the rights issue dates of reliance, that may be the perfect entry for the ones who missed the rally

rvbhatt

@rvbhatt, thank u