Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in current scenario.
So we can assume 6th back to back target as per chart view or historical data.
Entry = Above 2350.55
Stop loss = 2299
Target = 2413--2494--2580--2698--2827--2975+++
Disclaimer = This is an educational purpose post not as trading recommendation, Trade at your own risk.
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in current scenario.
So we can assume 6th back to back target as per chart view or historical data.
Entry = Above 2350.55
Stop loss = 2299
Target = 2413--2494--2580--2698--2827--2975+++
Disclaimer = This is an educational purpose post not as trading recommendation, Trade at your own risk.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.