I was hearing a lot about the Breakout of reliance - BUT FOR ME - its looks a bit .... - what i see is - its in a Channel - nearing the top of the channel - in Daily chart - a high vol indecision candle with SELL off near to the closing time - as history repeats - we know what happens on the day of EARNINGS ....AM I BEARISH - NO .....AM I CONSCIOUS - ...
let the price CLOSE above the line SL - 6.90 MANAGE RISK
SL - 4300 target - Blue zone H & S pattern nice consolidation
BREAK DOWN OF NAT GAS Wait till the closure of the candle below the Blue line manage risk
company has been performing really well _ QoQ INCREASE keep RED line as SL taget OPEN maintain position sizing
price has broken from a darvas range Strong Volumes with consolidation price has moved above 20,50,100,200 moving avgs in all DAILY , WEEKLY & MONTHLY time frames
a good VCP consolidation retesting the trend line and BO. SL - 616 T1 - 669 T2 - upper limit of trendline *** MANAGE RISK ***