A short term long trade in Reliance
Reliance is in a short term down trend/ consolidation. The idea is to simply buy at a probable support zone around ₹2500/- for a target of ₹2580/- Both the zones are demarcated by the trend lines.
Trade active
If it starts trading below ₹2530/- on an hourly closing basis on 19/04/2022 then don’t initiate the trade. It will turn into a great shorting opportunity for the short termTrade closed: target reached
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.