The Time to take Entry in Reliance Industries. After Long days of consolidation in Reliance. Stock is taking rest for a BUll run.
Take Entry between 1958 and 1961, When the trend line breaks. recommended in SIP mode Investment.
The Target completes at 2311 for swing traders. For investors, if we miss now you can't catch any price.
Closing Price 112.1
- the stock has seen a consolidation phase of 8-9 months from Sept 2018 till later half of May 2019 when it gave a breakout above the green zone
- looks good on any dips towards 104 or crossing above the yellow zone (closing above 122)
- target for the current set up 134 / 148 / 158-162
- SL if weekly closing is below 97