reliance : breakout candidate ( rectangle / triangle )

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