vicky252

Break Out Trade in Reliance Industries

Long
vicky252 Updated   
NSE:RELIANCE   RELIANCE INDS
Date: 22-Mar-2022
LTP: Rs . 2505
Target: Rs . 2570-->2750
SL: Follow the trailing SL indicated by the moving averages on closing price basis.

RELIANCE has given break out from the current secondary down trend within primary up trend. EMA , MACD and RSI are giving very bullish signals. RSI is in buy zone and has given a positive divergence. MACD has already crossed over to buy zone.

Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.
Comment:
Date: 24-Mar-2022.
LTP: 2578.65. 1st target achieved.
Comment:
Keep SL at 2570 now.
Comment:
Date: 4-Apr-2022
LTP: 2663.70. Up by 6.34% from suggested level. Halfway to 2nd target.
Comment:
Date: 26-Apr-2022.
Target 1 (2570) and Target 2(2750) already reached.
Next Target: 2950.
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