ShelendrAgrawal

Reliance Analysis !! Broke Out

Long
NSE:RELIANCE   RELIANCE INDS
📈 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.
Comment:
1st Target of 2552 is done.
Comment:
2nd Target of 2600 is Achieved.
Comment:
Trail SL to 2520
Trade closed: target reached:
Target 3 of 2730 is done.

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