Reliance double bottom. Short term swing trade
Reliance has formed the double bottom formation.
Consider it as trend reversal.now one can initiate swing trading with stop-loss 2295 on closing basis.
Target is sell on rise at every 5% gain with 20%, of holding.
Rsi has in oversold zone,giving an opportunity for long-term accumulation.
Consider it as trend reversal.now one can initiate swing trading with stop-loss 2295 on closing basis.
Target is sell on rise at every 5% gain with 20%, of holding.
Rsi has in oversold zone,giving an opportunity for long-term accumulation.
Related publications
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.