FourSTechnicalAnalysis

RELIANCE Ready For Breakout - Dont Miss This Swing Trade

Long
NSE:RELIANCE   RELIANCE INDS
Hi Friends and Fellow Traders,

The Chart is beautifully setup for a breakout trade.

Good Support Build Up
Consolidation in Daily Price over 50 EMA For Last 4 Trading Sessions
Good Market Structure
Price Needs to Close above descending trendline
Good Risk To Reward Setup
Wait for the price action on a Hourly Candle Closing Basis

Enjoy !
Trade active: BOOM BOOM
Trade closed: target reached: Hope You All Enjoyed !!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.