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