RELIANCE ------ 2 hrs analysis

Aug 17, 2020

so many traders are confused about reliance tradesetup so here is the price action based analysis on 2 hour time frame
1.RELIANCE is respecting bulllish channel .
2.can brake now for taking support
3. or move upward as shown in chart through arrow ,then retrace then will brake resistance and will show upward movement

Aug 19, 2020

Note

as i marked the upward arrow stocks performed the same

Aug 20, 2020

Note

as i marked the downward arrow stock performed the same

Aug 24, 2020

Note

reliance is in range now look for range trading

Sep 8, 2020

Trade closed: target reached

firstly upward move gave 32,320 per lot
secondly downward move gave 24, 745 per lot

Sep 8, 2020

Note

now in range we can see upward move soon