Reliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade
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Trendline broke but wait for retracement.
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Strength coming in
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2% up from breakout
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Today's fall was on back of higher volume. If you want to enter, wait for the retest of 50 or 200 DMA. They will provide support to the stock
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5% Up from breakout level. It is advisable to book out 50% quantity
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2,500 achieved
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8% up from breakout
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One can book rest of the quantity around 2,580 levels