Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. This is pure technical view.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
As seen in the chart, RIIL is trading under a Symmetrical Triangle in the weekly time frame. Any of the two -> break out above the upper trendline or break down below the lower trend line should be considered for further direction of the price. Do Note: Break out or Break down will be considered as close price of a weekly candle.
Disclaimer: This is for...
Short Term Quick Profit
SL : 214
Timeframe < 45 Days
Can hold for longer time
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels