Reliance is coming out of the Accumulation zone, the range which was created 60 days ago. There is an expansion of volume
on the Breakout with a good Bullish
candle. There is also a break of structure since it created a higher high. It may retest the 2050 area on lower time frames. Every dip can be seen as a buying opportunity.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.