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Reliance - Descending triangle

RELIANCE INDS (NSE:RELIANCE)  
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NSE:RELIANCE   RELIANCE INDS
Trend Analysis Chart Patterns Wave Analysis RELIANCE
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A descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........

Note:
  • Avoid the stock if a big gap up or gap down is seen
  • Enter after the breakout happens and not before it
  • Do not chase the market, i.e., do not get involved in late entries
  • Only enter with strict stop-loss and target
  • This is not a recommendation and is for educational purposes only.
  • always follow risk-reward and quantity management for the 100% of the times
  • The above mentioned idea may not work, so beware of the risk you are taking

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Happy Trading!!
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