Reliance Stock Analysis (Short Term)(01-03-23)
Updated
Reliance Stock Analysis (Short Term)(01-03-23)
2295-2305 is Important Daily Support For Reliance and also creating a Double Bottom Near Support.
If Reliance Tests Support area today and Forms a Reversal Candle in Daily Timeframe,
Good Opportunity to Build Long Near 2290-2300. Stop Loss is 2275 And Targets are 2366/2384.
Since a Dynamic Trendline is holding Reliance Stock Downtrend near 2385, Book 80% Quantity near 2384
and TSL remaining 20% till 2460. Good RR which is almost 1:3 to 1:5.
2295-2305 is Important Daily Support For Reliance and also creating a Double Bottom Near Support.
If Reliance Tests Support area today and Forms a Reversal Candle in Daily Timeframe,
Good Opportunity to Build Long Near 2290-2300. Stop Loss is 2275 And Targets are 2366/2384.
Since a Dynamic Trendline is holding Reliance Stock Downtrend near 2385, Book 80% Quantity near 2384
and TSL remaining 20% till 2460. Good RR which is almost 1:3 to 1:5.
Trade closed: target reached
Targets Hit
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