Triangle formation on Reliance. in this triangle price will break any side, either long or short.
hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend.
Anyway keep until the buy or sell initiate the level.
Trade Idea:
Long
Buy above - 1000
Target 1 - 1006.50
Target 2 - 1012
Target 1 points gain - 6.5
Target 2 points gain - 12 (Total)
Short
Short below - 979
Target 1 - 973
Target 2 - 966
Target 1 points gain - 6
Target 2 points gain - 13 (Total)
hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend.
Anyway keep until the buy or sell initiate the level.
Trade Idea:
Long
Buy above - 1000
Target 1 - 1006.50
Target 2 - 1012
Target 1 points gain - 6.5
Target 2 points gain - 12 (Total)
Short
Short below - 979
Target 1 - 973
Target 2 - 966
Target 1 points gain - 6
Target 2 points gain - 13 (Total)
Trade active
Trade closed manually