Reliance looking promising for Some Bounce
Updated
If Reliance Continues to sustain above 1245, then it may test 1330 1360 levels..
Rationale
Out of Bearish Channel
Bullish Divergence on RSI
Near Weekly Monthly Quarterly Support. Trying to form higher highs.. at 0.78 Fib Retracement of the Fib retracement drawn
Buy above 1255
SL below 1215
Target 1315 1330 1360
Rationale
Out of Bearish Channel
Bullish Divergence on RSI
Near Weekly Monthly Quarterly Support. Trying to form higher highs.. at 0.78 Fib Retracement of the Fib retracement drawn
Buy above 1255
SL below 1215
Target 1315 1330 1360
Trade active
Let's go Note
1255 to 1275Note
Reliance result and guidance should support the BullishnessTrade closed: target reached
1315 Done!Note
Trail the SL for rest of Targets
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.