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naveenpawar22
Dec 30, 2023 6:52 AM

Relaince Ind Infra 2 year cup breakout Long

RELIANCE IND INFRANSE

Description

RIIL trading at 1348 has broke its neckline of 1293.

It has crossed its 14 year high.It can also be consider as cup and handle. cup of 12 year and handle of 2 year. As per cup handle Pattern following is the target.


Fisrt target of 1800
second target of 2300

If it retest its Neckline then it will be a good oppurtunity to accumulate it.


This is for Educational Purpose. Not a Buy/Sell Recommendation.

Trade active

It is trading at 1372. It might Retest its neckline.

1270 can be considered as stop loss on closing basis.

This is for Educational Purpose. Not a Buy/Sell Recommendation.

Trade active

Almost a 10% move last week.

It is now trading at 1513.


This is for Educational Purpose. Not a Buy/Sell Recommendation.

Trade active

It is trading at 1389 now. It had made a dip from a high of 1605. look like it will consolidate here before moving to 1605 n 1800.

It is still in up trend channel.

This is for Educational Purpose. Not a Buy/Sell Recommendation.


Comment

It moved 9% today.

It is following the upward trend channel as mentioned earlier.

Comments
mohan1116
SL ??
naveenpawar22
@mohan1116,as per your risk appetite. But 2% below neck line on closing basis can be consider as stop loss
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