padiyara

Reliance :₹1258 is resisting at the Gann arc.Target 1560

NSE:RELIANCE   RELIANCE INDS
15
Reliance is having a breakout from a long trading range and from a symmetrical triangle, the stock is having the potential to cross all time high 1649, and probably will find a new high in the rage of 2850 in coming years.it was trading in a range between the GANN 3X1 ie:18.75 resistance and 4x1 ie:15deg support line, on having this breakout from the resistance line, it can make a target 1560 and 1650 to the next resistance. Once crossing the all time high and can zoom to 2850 level.
Comment: keep going
Comment:
support zone worked well, but is came down to 1295
Comment: all time high also broken
Trade closed manually: The resistance showing a negative divergence.
Comment: Also consider the target achieved 850 x 2 :D
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