Reliance bullish swing above 2400

27 дек. 2021 г.

Hello traders, no updates on the last stocks due to limited time I have right now.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.

Buy above - 2400
Targets marked in the chart above


RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.

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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.

4 янв. 2022 г.

Сделка активна

Already sitting on 2.4% gains in cash.
Godspeed

10 янв. 2022 г.

Сделка закрыта: достигнута тейк-профит цена

Target 1 hit.
Godspeed