Sell Reliance if sustains below 2335 for the marked targets on the chart until 2350 is intact on the downside.
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InvestPro India Team
#Reliance downtrend movement with risk:reward 4
Time frame :4-hours chart
Analysis breakout from the symmetrical Triangle
Checked the conditions for moving average, RSI and volume
Sell at 2196 with this stop loss 2295 and target 1830
HOPE our analysis is adding value to your Stock market trading Journey.
Trade Setup for 18-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
There was a downward trend since last month .there is weakly support at level 1820. you can hold for reversal. Below 1820, it will go until 1600 level. Keep a close watch on 1820 level in coming days.
!!Happy Investing !!!