TradingView
surtijay19
Dec 19, 2023 6:01 PM

RIL - a conditional buy Long

RELIANCE INDSNSE

Description

This Index giant is showing signs of breaking a channel. On daily chart, it has formed a rounding bottom. Whereas on technical indicator, RSI shows bullish trend for a medium term momentum. Any breakout above 2580 could bring further rally in the stock. Buy this stock if it sustains above 2580 on daily closing basis with at target of 2800 and a stop loss of 2445

Trade closed: target reached

Target Achieve. One can book Profit or Trail Stop Loss
More