Ck_Trader007

Reliance short term Breakout trade

Long
NSE:RELIANCE   RELIANCE INDS
58 views
1
Reliance has been traing in a tight range for last two weeks and this has reached the tip of a converging triangle. If tomorrow it sustains above the 1960 line, it has a move upto 1990 at least.
Comment: Target achieved. Now further move is subject to its sustainibility or closing with more than 14-days average volume above 2000 level only.
Comment: Important levels to watch- immediate support at1990-2000, above this good to enter
long period support 1960-68, exit if broken

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