Symmetrical triangle.

RELIANCE INDSNSE

Description

⋅ Dec 7, 2020 2:58 PM

Symmetrical triangle formation.
Wait for breakout and retest.
Have an eye on volume at breakout to avoid false breakouts.
As up and down moves both are possible, both targets are provided at points where some resistance or support can kick in.

Targets:
Upward target - 2064.
Downward target - 1900.

Unless any news flows in, a good possible upward movement is probably on the hold.

Note:
1) Only for educational purposes.
2) Please check before following.

Trade closed: target reached

⋅ Dec 24, 2020 3:21 PM

Downward target of 1900 reached.