RELIANCE one year journey in patterns
RELIANCE CMP 2153
highlights
1. for the past one year stock has travelled in patterns
2. symmetrical triangle pattern in 2020 october to december
3. head and shoulder pattern in 2021 february to april
4. cup and handle pattern in 2021 april to may
5. flag and pole pattern at current setup in may-june
Trade set up
1.buy at 2153 cmp till 2140
2.keep stop loss as 2084 on closing basis
3.targets 2259/2363/2507+++
buy based on flag pole formation .
and buy initiation at lower trendline of flag .
highlights
1. for the past one year stock has travelled in patterns
2. symmetrical triangle pattern in 2020 october to december
3. head and shoulder pattern in 2021 february to april
4. cup and handle pattern in 2021 april to may
5. flag and pole pattern at current setup in may-june
Trade set up
1.buy at 2153 cmp till 2140
2.keep stop loss as 2084 on closing basis
3.targets 2259/2363/2507+++
buy based on flag pole formation .
and buy initiation at lower trendline of flag .
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