SUMMARY FOR RELIANCE -stock has formed multiple tops and bottoms on weekly chart -a break in a falling trendline is possible -wait for a confirmation -we are about to enter the supply zone -a weekly close above the supply zone will lead to re-rating in the stock
"WEEKLY CLOSE ABOVE 2240 IN FUTURES /SPOT IS IMPORTANT FOR NEXT EXTENSION" "WAIT FOR A CONFIMRATION" "YOU CAN BUY ON A THROWBACK"
RELIANCE JUNE FUT BUY@2240-2245(WAIT FOR A CLOSE ABOVE 2240) STOP@2175 TARGET-1@2343 TARGET-2@2425 TARGET-3@2478 QTY="YOUR CHOICE'
NOTE:- -MANAGE RISK -DO NOT OVERTRADE -DO YOUR OWN RESEARCH
Comment
⋅
wait for it to close above 2243 then only look for longs we will wait
Comment
⋅
wait and track market is still in the supply zone advance levels to watch 22438-2245 breakout should confirm upside trend need to wait and watch