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nimbuz90

Reliance -Awaiting Breakout on Symmetrical triangle formation

Long
RELIANCE INDS (NSE:RELIANCE)  
nimbuz90 Updated   
NSE:RELIANCE   RELIANCE INDS
Chart Patterns
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chartpattern
A breakout is imminent on the upside. Bulls have gained support as shown. Wait for the breakout to happen and then enter on confirmation signal bar on lower time frame with respect to rising volume.

For study purpose.
Thanks.

Comment:
Trade active
Comment:
It missed the target by 1 point. Hence closed my position @ 957.
Trade closed: target reached
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