A Triple bottom (encircled in the chart) can be seen on the weekly chart of Reliance Inds . RSI shows good momentum in the stock. MACD giving bullish signs. I would recommend a LONG swing on Reliance Inds .
Target 1: 2140
Target 2: 2194
Target 3: 2320 (A long jump is expected after crossing target 2)
Stop Loss: 1927
Note: Trail your stop loss to avoid losing achieved targets.
Just for educational purpose.
Trade closed: target reached:
Target 2 reached in just 2 days!!!!!!!! Trail stop loss (2140)... Book half profits for safe play.
Crossed target 2 marginally, but didn't sustain above it. All those who took entry at our levels, sell 50%, hold 50%.
Target 3 is on!!!!!
Trail stop loss at 2140....