Reliance has given breakout to both trending resistance and
A strong . 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.
It Came Yesterday and Took Support form the
Previous Supply Zone which has Became a Demand Zone.
Now Reliance is All Set to Go.
and gave Closing above all the closings of previous
Made a High of 2220
Going Very Close to Our First Target🎯
Everyone Hold it with SL CTC
Just 5 points
And we will be done with First Target🥇🎯
Made a High 2263 😎🏆
Gave 5% in just Some Days👍
Hold More to come
Made a High of 2293 🚀🔥
Just 7 points Left..!!!
Hopefully it will cover that
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
Made a High of 2382
Gave a Return of
More than 10.5% 🏆
Made a High of 2480
15% Returns Done Here 🤩
We need Closing of Day Above 2440
For such Blast
But Global Markets, mainly SGX Nifty is much weak
as Reliance is a large contributor to Nifty 50 Weakness would come in reliance.
But Do not panic It would recover Stay Invested