24-Nov-20
Monthly: After Pandemic it is improving & it is in the process of recovering the loss. Immediate Target looks to be at ~ 300
Weekly: Forming a Cup and Handle pattern, it is for reversal of the downtrend
Daily: BreaKout Retest and now the continuation of Cup and Handle pattern
Reliance Now time to again good buy and hit long range upper side
Cash Holding // Reliance Buy 1955 & 50 // tgt 2200 & 2300 // sl below 1850
this me yesterday level and i purchase many shares
The stock has been playing into a rectangle from last 4 months, several attempts have been made to breakout but didn’t succeed. The prices are close to support as long as it don’t breakout of the range it’s worth waiting for it. Have a look at the RSI, it also meanders between 60-40 levels in a zone indicating total sideways action.
