Increase in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
Comment:
Keep strict stoploss as we can see strong continuous upper wick rejections