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Still_Learning_Akhil
Jan 19, 2021 12:06 PM

Analysis of reliance.. Take a look.  Long

RELIANCE INDSNSE

Description

Take entry after trend line breakout and it starts moving up. it can also go downside. but its the first retest and there are more chances to take support another reason is that today most of the stocks were also bullish. so there are more chances to succeed in retest..

After reaching Target 1 price will have resistance and will form double top pattern. now you can hold your position if price is crossing target 1 and going towards target 2. and if it is shooting downside you can take a small target of short up to trend line, drawn in graph..

Study this graph in shorter time frame.

Feel free to ask or tell anything.

Comments
solacenator
have you used fibbo to calculate targets ?
Still_Learning_Akhil
@solacenator, no bro.. but moved as expected
solacenator
@Still_Learning_Akhil, yay 🎉 !Good work keep it up hoping it passes 2100 levels then there's no resistance till 2350. 🤞
Still_Learning_Akhil
@solacenator, on 2150 approx it will get resistance.. but according to me it can hardly touch t3.
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