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
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
Comment:
as i marked the upward arrow stocks performed the same
Comment:
as i marked the downward arrow stock performed the same
Comment:
reliance is in range now look for range trading
Trade closed: target reached:
firstly upward move gave 32,320 per lot
secondly downward move gave 24, 745 per lot
secondly downward move gave 24, 745 per lot
Comment:
now in range we can see upward move soon
