Reliance Long above 2630 - TGT - 2800 - SL - 2580
RELIANCEOpen Interest analysis:
1. Short covering is visible in Reliance.
2. 5 day OI change = -4% and price increase 1.3%
Price action:
1. Risk reward ration 3.32
2. Breakout on daily timeframe chart above 2630--
patience: wait for Strong bullish engulfing candle
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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.