praveen.bhatiya

Double Top Reversal Breakout

Short
NSE:RELIANCE   RELIANCE INDS
The chart has formed classical double top pattern and broke the neckline today. This simple pattern does not need much explanation so one can trade it easily. RSI below 50 is also confirming the trade.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Comment: Trade is doing well as expected from double top pattern. Booked part profit in target and erst is continuing with trailing SL.
Trade closed: target reached

Comments

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