HARMONICSANAND

reliance : breakout candidate ( rectangle / triangle )

Long
NSE:RELIANCE   RELIANCE INDS
reliance : 2108

highlights:
trade setup :
1. buy above 2133
2. keep stop loss as 2082 on closing basis
3. targets 2153/2207/2245/2280+++
technical buy based on :
1. rectangle
2. triangle
3. breakout concept
note :
stock trading in consolidation phase in a rectangle inside triangle pattern .
good base formation seen for a breakout above 2133 price levels.
higher lows / lowers highs candles are good indicators in a triangle pattern .
recent results are also good (Q ON Q) .
volume is dry in consolidation / correction.
Trade active
Comment: 2165 high trading above target 1
Comment: 2191+ high
Comment: 2211 high target 2 done
Comment: 2244+ high near target 3
Trade closed: target reached

Comments

Perfect technical analysis
+1 Reply
2275+ HIGH
Reply
2244+ high
Reply
2201+ high nearing target 2
Reply
2191 + high
Reply
2165 high target 1 done
Reply
2149.90 high after breakout
Reply