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

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