Can RELIANCE be accumulated at the Current Market Price(CMP) ?

9 янв.

Reliance: Bullish Potential Above Monthly Trendline! 🚀
If Reliance closes above the trendline on the monthly timeframe, it signals a strong buying opportunity for accumulation. Watch closely for confirmation!

"Reliance: Technicals Indicate Strength, But Patience is Key!"
"The chart is technically looking good; As one can see price is forming a Ascending channel pattern.
However, it's essential to wait for the monthly candle to close above the trendline before taking action. Patience remains the cornerstone of successful investing and trading. Stay disciplined and wait for confirmation!"

> Premature entries can lead to unnecessary risks.
>Always prioritize confirmation over anticipation

17 янв.

Сделка активна

Here's an updated post you can use on TradingView:

Hello Everyone,
RELIANCE has delivered a remarkable breakout above the support line we mentioned earlier, showcasing strong bullish momentum.

This move highlights the potential for further upside, making it an attractive opportunity to enter. Timing is critical in the stock market, and catching such moments can pave the way for significant success.

💡 Key Points to Consider:

Monitor volume and price action closely to confirm the strength of this breakout.
Set appropriate stop-loss levels to manage risk effectively.
Stay updated with the broader market trends to align your trades.
Remember, patience and informed decisions often yield the best results. Happy trading! 🚀