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SkandhaTrading

Reliance is a positional buy @2320

RELIANCE INDS FUTURES (NSE:RELIANCE1!)  
SkandhaTrading  
NSE:RELIANCE1!   RELIANCE INDS FUTURES
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Reliance is trading above the 20days average and near by resistance area and its tried to break the resistance, waiting for retracement once it cooled down near 2320 its a positional Buy for the target of 2479 and to the strict stoploss 2276.
Thanks
Why we like it:
Price trading above the EMAs, Resistance area breakout observed and waiting for retracement.
Near by support:
2300
Near by Resistance:
2562
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