RELIANCE INDUSTRIES LTDPanjang
Reliance - At A Breakout
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The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
Nota
Reached the first target of 2375.Nota
On its way. Crossing 2410.Nota
Reached the second target of 2425. Keep watching.Nota
Reached 2470. Towards 2500.Dagangan ditutup: sasaran tercapai
Reached 2500.Nota
As I anticipated, the price reached 2575. Analysis completed.
Penafian
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