Long

Breakout in Reliance and also How to Find Breakout Trades.

Updated

Reliance Breakout:
Reliance has given breakout to both trending resistance and
A strong supply zone. With a Kind of inverted head and sholder pattern.
And has given closing above both the resistance.
A short retracement can come but there is less probability of it.
Short term targets will be 2250- 2300+
For holding period of 1-2 week maximum.

How to fing Breakout Trades:
All the people watching my ideas regulaowould notice that I give Trade signals only for breakout Trading.
This is because Breakout with volumes show us Institution Entery in the stock.
It can be Traced by Following points.

1. breakout of Horizontal resistance and closing above it on day closing basis.
2. Breakout of a Trendline and closing above it on day closing basis.
3. Breakout of supply or and closing above it on day closing basis.
4. All the Breakouts must be done with High Volumes or volumes more than
20 Moving average of volumes.
5. We must buy the stock on breakout but Always consider a Retracement after it,
Not necessary that Everytime a Retracement would come but we must consider it.

Note :- the Above trade is only for educational purposes please make your own research too before investing
We would not be responsible for any profit or loss of yours on this Trade.

Note

As I said A Short Retracement Could come.
It Came Yesterday and Took Support form the
Previous Supply Zone which has Became a Demand Zone.
Now Reliance is All Set to Go.

Note

Reliance has started its move
and gave Closing above all the closings of previous
5 days

Note

Reliance Firing Up 🔥🚀
Made a High of 2220
Going Very Close to Our First Target🎯

Everyone Hold it with SL CTC

Note

Very very Close to Our First Target
Just 5 points
And we will be done with First Target🥇🎯

Trade closed: target reached

1st Target Done
🏆🚀
Made a High 2263 😎🏆
Gave 5% in just Some Days👍

Hold More to come

Note

Made A High of 2275
🔥🚀

Note

Reached Very close 🤩

Made a High of 2293 🚀🔥
Just 7 points Left..!!!

Hopefully it will cover that

Trade closed: target reached

Big blast in Reliance 💥
Crossed all Target 🎯🥳
Made a High of 2303 🤩
Gave Nearly 7% Returns 🏆

All Of My Ideas Are Firing Up😎

Everyone Share your Experience on my Ideas and Feel free to Ask Any Trading Related Queries on any Stock .

And Do let me know in Comment
That you Traded it Or Just Saw

Note

Reliance Targets Update 🎯
Next Targets
2400
2430
In Week

Note

Reliance Blasting 💥
Made a High of 2382
Gave a Return of
More than 10.5% 🏆

Note

Reliance is Just Breaking it
🔥🔥🚀🚀
Made a High of 2480
15% Returns Done Here 🤩

We need Closing of Day Above 2440
For such Blast

Arshad_Khatib

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