Reliance may surprise with an Up move anytime soon
Reliance (
RELIANCE has been trading in a closed range for many weeks now.
It took multiple support at 200 Moving Average. And formed a base near 1880-1920.
Volume in the cash segment is quite good too.
Now it looks ready to break out of the wedge formation anytime soon and reach the near-term target of 2300+ and then creating an all-time high in weeks to come.
The stop loss of the trade should be 1850 on closing basis.
RELIANCE has been trading in a closed range for many weeks now. It took multiple support at 200 Moving Average. And formed a base near 1880-1920.
Volume in the cash segment is quite good too.
Now it looks ready to break out of the wedge formation anytime soon and reach the near-term target of 2300+ and then creating an all-time high in weeks to come.
The stop loss of the trade should be 1850 on closing basis.
Transaction en cours
Bought on Jan 14, will add on Jan 15.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.