shaleenbansal

LONG Reliance

Long
shaleenbansal Updated   
NSE:RELIANCE   RELIANCE INDS
All the trend lines drawn on the chart are trend lines with multiple reactions.

Stock has recently taken support off a trendline and is approaching the next one.

Upon breakout of that trendline, we can see another leg up for Reliance.

I will keep two stop loss points in this trade. I am carrying this in cash(not in F&O).

This is simple price action and trend analysis.

See my remaining charts for understanding price action and trading psychology .
Trade active:
1950
Trade closed manually:
Kept position too long and it is currently in a consolidation zone. Stock is not trending. Will re-enter when stock starts to trend.
Comment:
1988
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