Cup formation on Reliance - LONG
Technical Analysis:
EMA 5/20 bullish crossover and EMA 50 lying below the price.
Stochastic on bullish but lying in overbought level and may take some correction.
MACD on bullish and histogram on above the level '0'.
RSI above 50.
Trade:
Buy above - 1042
Target 1 - 1049
Target 2 - 1058
Stop Loss - 1033
Reward Points - 16
Risk Points - 9
EMA 5/20 bullish crossover and EMA 50 lying below the price.
Stochastic on bullish but lying in overbought level and may take some correction.
MACD on bullish and histogram on above the level '0'.
RSI above 50.
Trade:
Buy above - 1042
Target 1 - 1049
Target 2 - 1058
Stop Loss - 1033
Reward Points - 16
Risk Points - 9
Trade active
Sorry for late active...Trade active
Target 1 - 1049 achieved.Note
Reliance approaching to tgt 2 but remember at present Reliance on overbought level at 1hr chart...Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.