Bravetotrade

RELIANCE IND: Getting Sloppy

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NSE:RELIANCE   RELIANCE INDS
Notes on the chart.
Do hit the like button.

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Bravetotrade
Comment: On this lower timeframe, I ll keenly observe the price action in the downward sloping channel. I ll look for selling opportunities into the resistance with in the channel; and buying opportunities outside the channel.
I may not be able to update in the live market but I thought its worth sharing this idea with my fellow traders.
Keep Liking.
Comment: Price took support from the channel near 1100 level. I am looking for 1150-1180 move. Stop for this trade is below 1097 which could be point to go short as well.

Trade closed: target reached:

Comments

Bravetotrade AbhishekHSinghCMT
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any idea on movement this week of reliance
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Bravetotrade Sneha1605
@Sneha1605, may drop out of channel.
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