RELIANCE | Breakout out of weakzone and retesting the level- 18% Long

RELIANCE INDSNSE

Description

⋅ Jan 23, 2021 5:50 AM

RELIANCE | Breakout out of weakzone and retesting the level- 18% (From dip)

CMP : 2049 (Dip until 1990)
SL : 1970
Target : 2340

Simple 1:3 risk reward setup

(P.S : Please avoid Buying Option based on this chart - Especially Jan expiry - Time decay is terrible as we have only 4 trading sessions)

Comments

balak89

⋅ Jan 23, 2021 3:33 PM

Thank you good Analysis

arun2404

⋅ Jan 27, 2021 5:17 PM

POLE AND FLAG FORMATION ON 1M CHART.

sunilm123

⋅ Jan 25, 2021 5:09 AM

Thats what happens with mind biased analysis. It went down

srikartiram

⋅ Jan 25, 2021 5:12 AM

@sunilm123, what if it went down? Accept stoploss and close the position.

MarimuthuSuppaya

⋅ Jan 25, 2021 2:28 AM

Is it a bearish engulfing along with long red handle break out. Look out for volume commitment and adx +rsi levels to make a final call

sunilm123

⋅ Jan 24, 2021 7:24 PM

Monday Its going down

jagannatharao0506

⋅ Jan 24, 2021 8:16 PM

@sunilm123, no move up to 2.3% nearly