reliance : 2270.25
trade set up :
1. buy above 2275
2. keep stop loss as 2223 on closing basis
3. targets : 2316/2362/2509+
technical buy based on :
1. multiple time frame price breakout
2. rounding bottom
3. trend line
4. bullish engulfing candle near breakout .
note :
after all targets done successfully on triangle breakout pattern as shared in our previous post for reliance,
now its on the verge of another breakout setup, to test life high.
trade set up :
1. buy above 2275
2. keep stop loss as 2223 on closing basis
3. targets : 2316/2362/2509+
technical buy based on :
1. multiple time frame price breakout
2. rounding bottom
3. trend line
4. bullish engulfing candle near breakout .
note :
after all targets done successfully on triangle breakout pattern as shared in our previous post for reliance,
now its on the verge of another breakout setup, to test life high.
Trade active
Comment:
2334+ high
Comment:
2362 high new lifetime high and target 2
Comment:
2480 + high
Trade closed: target reached