NeeteshJain

Reliance Building Up strength - Bullish

Long
NSE:RELIANCE   RELIANCE INDS
On weekly chart, it is observed that the reliance is breaking out from a ascending triangle indicating trend continuation and strength in price action. Now it shall reach to 1140-1150 levels before it retaces back.

Target:1140
Stoploss: 1040
Trade closed: target reached

Comments

Just seen your long call. I too got long on Reliance @ 1092 after seeing day chart in noon approx same time when you have recommended.
Though current scenario don't looks good as market lost the momentum and same affected RIL too.
I hope it will not touch your stop.
Happy trading
+1 Reply
I understand that and I would recommend you to wait to buy it until it breaks above 1098 levels as It may retrace back to stoploss levels due to market conditions.
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