Description
⋅ 5th October saw huge profit booking in reliance against very good news of investments in Reliance Retail over the weekend.
Investors are consolidating positions in Reliance.
Overall, Heavy-weight like Reliance was in consolidation impervious to the trump's sign of relief.
DOW^ has seen huge reversal from last market close to today open with Trump's health information.
Comment
⋅ Broader market was +ve.
We saw NIFTY break 11600 after multiple rejections during the trading session.
Relaince has been performing sublimal.
Trade active
⋅ Beautiful breakout above our trendline.
Respect the charts.
Trade closed manually
⋅ Breakout over resistance. Target achieved in the first hour of 7th October Trading Session.
Await further charts.
Investors can hold for LONG.
Comment
⋅ Huge selloff seen towards end of day.
Hovering around the resistance.