Get started
Stock_TechPro

Reliance can drag down again (SHORT) ...... !

Short
RELIANCE INDS (NSE:RELIANCE)  
Stock_TechPro Updated   
NSE:RELIANCE   RELIANCE INDS
Chart Patterns
2
0
chartpattern
As the chart of Reliance Industries determined that the stock is near its Resistance structure and might reverse from these levels. The open minded traders must analyze the option chain of the stock and take the trade accordingly. The levels of structure are already shown in the charts.The stock can be shorted on bounces on preliminary market moves if found any. RELIANCE
Comment:
Do not trade according to suggestions if the stock open with gap up above the resistance area.
Comment:
Be cautious here as it is a symmetrical triangle breakout area here in lower time frame. Trial your SL as per risk appetite.
Comment:
Part profit booked @ 1202 levels.
Comment:
All shorts covered
Comment:
Fresh shorts created yesterday @ 1250 as per the chart layout is still giving profits
Comment:
Hope to book profit around 1140-60 optimal zone of support.
Comment:
Shorts covered on Hammer formation around 1168
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.