Long Reliance Industries Between 2585 - 2660 Target 3500
Updated
Reliance forming bullish Butterfly Harmonic Pattern on weekly charts and going no where up till November 20th. Good Time to accumulate.
Targets marked on charts with horizontal line. Once point B is breached and closed then rally will start.
Few triggers -
Giga factory opening in December.
JIO price hike effect
Hydrogen plant
Windfall tax removal effect
No stop loss as fall is limited.
Targets marked on charts with horizontal line. Once point B is breached and closed then rally will start.
Few triggers -
Giga factory opening in December.
JIO price hike effect
Hydrogen plant
Windfall tax removal effect
No stop loss as fall is limited.
Trade active
Price adjusted but it hit the lower target. Now consolidation phase beginsNote
Time to buy now.... Accumulation starts.
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