Looking forward on a short opportunity, technicals wise on Reliance, aligning with a major trendline breakout on the 4h and a major key level break to the downside. Expect a pullback/correction move to the nearest support-turned resistance level before the final impulse move to the downside.
Trade closed: target reached
Pretty neat trade, did exactly the same as I marked. A neat textbook set up with a clean bias and a clear trend break.
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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.