Reliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum. . Reason to Buy after Retracement: 1) Pattern breakout 2) Good volume at breakout Indicator supported this breakout: 1) Bollinger bands 2) Moving Avg. . Planning on Buying at retracement. Stop loss will be below immediate support level. . Hault candle possible for near future. Trade with RR Ratio in mind.
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Still waiting for a retracement. Buying levels 2300 for short term.