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Reliance is at a 50% Fib Retracement, with the breakout of a minor trendline on 27th. We have also got a range breakout of RSI confirmation near oversold area.
Go Long on the Fractal Breakout of 1032.70 with a stop loss below the swing low.
If price exceeds the target zone, there is a high probability that it may reach 1080.
Go Long on the Fractal Breakout of 1032.70 with a stop loss below the swing low.
If price exceeds the target zone, there is a high probability that it may reach 1080.
bharathnadukatla
Great! That is a good analysis. You predicted Reliance would go above 1200 and it did.
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n.bhaskar1993
Target Reached
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n.bhaskar1993
Booking some profit at 1045, since it is showing some good resistance.
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