GeniusTradingAcademy

Reliance is a Strong Buy. Very Bullish.

Long
NSE:RELIANCE   RELIANCE INDS
It has taken a support of 200 EMA and reversed and also after a short retracement it has reversed from 0.50% Fibo level and now taking the support of 0.68% and ready for a breakout. Also, it has formed a Doji , Inverted Hammer and Red Bullish Hammer as there was a little profit booking on Diwali. Buy for a easy target of 2090 as 2100 is a first resistance due to huge option selling and it’s unstoppable once it crosses 2100.
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