Reliance - Breakout with Volume Expansion

Reliance is coming out of the Accumulation zone, the range which was created 60 days ago. There is an expansion of volume on the Breakout with a good Bullish candle. There is also a break of structure since it created a higher high. It may retest the 2050 area on lower time frames. Every dip can be seen as a buying opportunity.

Targets: 2200, 2350

You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Nota

Target 1 reached. ✅✅

johntradingwick

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView

✅ Blog: tradingwick.in/
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johntradingwick