nandodeomkar

Reliance Breakout

Long
nandodeomkar Updated   
NSE:RELIANCE   RELIANCE INDS
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
Comment:
Keep strict stoploss as we can see strong continuous upper wick rejections

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