A strong pole & flag formation is seen in Reliance.
A strong pole is characterised by the absence of retracements i.e.., resembling almost a straight line. Stock has consolidated in a flag formation & appears to be testing the resistance with HH, HL formation. Such tests high a high probability of a breakout to occur.
The trade consists of a RR of 1:2. But this is NOT a Trade Recommendation. Please do your own analysis before entering positions.
As long as the Resistance trend line breakup candle not print with confirmation 🕯️ and close above the trend line break up 🕯️ it is not be possible to uptrend . si still wait and watch
si still wait and watch