ST_SNOOPY

RELIANCE CONFLUENCE SUPPORT ZONE

Long
NSE:RELIANCE   RELIANCE INDS
RELIANCE is at a confluence support zone and can be a good opportunity for a long trade. Stock has a valid support of 200 DMA and previous breakout zone, so a long trade can be initiated with a minimal stop loss. Entries can be made on show of strength (Strong wide range daily candle with good volumes) or above 2,380 for safer players. Stop loss should be a candle close below 2,260. Targets can be 2,600+ & all time highs
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