Retest after a breakout in Reliance
You can go long on Reliance for a target of 2300. Stop loss 2000.
Analysis: Crossed resistance of 2040 - 2050 with volumes, came back now to retest, gave a bullish candle. Also support of 200 DMA at the same levels. Can expect 10% upside here. Good risk to reward ratio of 1:5. You can go long for a target of 2300.
Analysis: Crossed resistance of 2040 - 2050 with volumes, came back now to retest, gave a bullish candle. Also support of 200 DMA at the same levels. Can expect 10% upside here. Good risk to reward ratio of 1:5. You can go long for a target of 2300.
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