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HARMONICSANAND
Aug 10, 2021 6:22 AM

reliance : breakout candidate ( rectangle / triangle ) Long

RELIANCE INDSNSE

Description

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
anurag9jay
Perfect technical analysis
HARMONICSANAND
2275+ HIGH
HARMONICSANAND
2244+ high
HARMONICSANAND
2201+ high nearing target 2
HARMONICSANAND
2191 + high
HARMONICSANAND
2165 high target 1 done
HARMONICSANAND
2149.90 high after breakout
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