HelloSambhav

RELIANCE ------ 2 hrs analysis

Long
NSE:RELIANCE   RELIANCE INDS
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
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
Comment: now in range we can see upward move soon