NSE:RELIANCE as you can see reliance has broken out of downtrend line and had some resistance at 1962 if that resistance is taken out then reliance may start a bull leg. rsi is also showing bullish divergence. enter only after a close of candle above horizontal line of 1962.
Not a trade recommendation only my views. If you like my analysis please comment and follow.
@Sky-Alpha, yes positional trader can take 2150 as final target.
i think a triangle is forming on daily time frame so 2150 will be good if corona crash doesn't happen.
Sky-Alpha
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@SANJAYPATIDAR_, Thank you so much... I'm still in learning phase.
Just trying to learn the trends and patterns now, any tips and suggestions to improve my analysis would be of great help... :)
@mehulshrm609, see Mehul the trend is seems bullish, but I cant say anything about expiry because I don't trade leveraged instrument so I don't have much expertise in that.