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Muhammed_Nihal
Dec 16, 2020 2:24 PM

#RELIANCE-TRIANGLE PATTERN Short

RELIANCE INDSNSE

Description

RELIANCE IS FORMING A TRIANGLE PATTERN.WE CAN EXPECT A BREAKOUT IN THE PATTERN.
RED LINES ARE LONG TERM SUPPORT & RESISTANCE AND DOTTED LINES ARE SHORT TERM

CONSIDER THESE POINTS BEFORE ENTERING INTO TRADES
  • WAIT FOR A PROPER CONFIRMATION BREAKOUT BY VOLUME AND MOMENTUM
  • SET STRICT STOPLOSSES OR ON PREVIOUS SWING AS PER YOUR RISK APPETITE
  • FOLLOW NIFTY & SECTORS FOR DOUBLE CONFIRMATION
  • ENTER ONLY ON PROPER POINTS.AVOID TRADE IF YOU ARE NOT ABLE TO ENTER ON THE CORRECT POINT


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