Since last couple of session we seen good uptrend in reliance due to lots of fundamental triggers. This is one of the strongest fundamental stock. Now if it trading above 2290 level then we will see next target 2500 in short term time period.
Buy Reliance Above 2290
Intraday Target - 2350
Short Term - 2420 2500
This is my personal view on...
Triangle are the most accurate and the most commonly used chart pattern,
which shows 99% chances of stock breakout/breakdown.
once price goes out of the triangle,it shows a 99.7% true breakout/breakdown.
that's why most of the traders trade on it when the price goes out of the triangle for a confirmation.
all triangle patterns and the details of it are mentioned...
Symmetrical Triangle & Trendline breakdown with rise in volume
Stock has stopped making higher highs and higher lows indicating a weak structure
Sell around 350
At 275 there is a support on weekly scale
Acc Formed a symmetrical triangle
Targets are mentioned in charts
Play according to Support & resistance as per the chart mentioned
lot size = 500
Stoploss can be placed below support zone , trade only one lot
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Price after breaking 410 earlier went almost to 480 levels and once again it is making up a symmetric pattern and it is getting ready to break. One should have entered at the trend line support and wait for the breakout and the target is near 500 and this time we can expect some more i guess. . .
Price breaks from a symmetric triangle already from 2900 levels and reached 3200. Now it is forming another perfect symmetric triangle and one should have entered at 2900 (previous breakout level) support level if not wait for the breakout and enter for big targets.
Price beautifully traded in between the trend lines and made a symmetric triangle pattern. Today breakout was expected and it breaks from the triangle. Target price given and it may take few days to reach, if buyers exhausted and price falls below 215 then the above is invalid.
It is hard to share all my analysis, tradingview is restricting 10 analysis for a day....
stock can move either way ,follow the price action and take entry , volume is also coming now mainly upper side
breakout is also happened , retracement is done
upside target = 6412
downside target = 5855
educational purpose only