Reliance Analysis !! Broke Out
Updated
📈 Reliance Industries Ltd. 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2450 .
On Buy Side I am looking for Targets of 2552, 2600 and 2730.
StopLoss should be kept below 2350 zone.
It offers 1:2.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
This broke out from a Resistance Zone of downtrending Trendline and closed above previous swing high of 2450 .
On Buy Side I am looking for Targets of 2552, 2600 and 2730.
StopLoss should be kept below 2350 zone.
It offers 1:2.5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Note
1st Target of 2552 is done.Note
2nd Target of 2600 is Achieved.Note
Trail SL to 2520Trade closed: target reached
Target 3 of 2730 is done.
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