TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
This is the view of Grasim based on this chart if its breaks upside then go for a buy as well as if it goes down then it can go for sell with a condition it should be narrow breakout otherwise need to wait for retest.This is for educational purpose only. BASED ON GLADDY TECHNICALS
Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken.
However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!