Beautiful breakout It was consolidatimg since December 18 and now have given a breakout
No trading zone between 481.20 – 530.00 Buy above 530 n Sell n below 481.20 •Simple price action analysis
Double bottom
Ascending triangle pattern n also in 15 min time frame 50 EMA came over EMA 200
Reliance is consolidating since a long time it can give a upward or downward breakout
50 Ema crossed 200 Ema It recently filled gap at 199.85 and took support and now moving up the resistance levels are marked you can act accordingly
It took support on 128.60 it can reach 140.05 140.05 - 145.50 is no trading zone If it give breakout above 145.50 with good retrace, go long next target will be 157.80
