Get started
nandodeomkar

Reliance Breakout

Long
RELIANCE INDS (NSE:RELIANCE)  
nandodeomkar Updated   
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns Technical Indicators RELIANCE relianceindustries reliancetrade relianceforecast reliancelong reliancebuysetup reliancestock reliance-trading reliancetrading
3
4
trendanalysis chartpattern indicator reliance relianceindustries reliancetrade relianceforecast reliancelong reliancebuysetup reliancestock reliance-trading reliancetrading
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
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.