Reliance Long opportunity
RELIANCEStock -> Reliance
TimeFrame -> Weekly
Hello all!
Reliance has been traveling in a channel. It's now back at its lower channel trendline which makes for a good opportunity to go long.
There are multiple factors that further strengthen my conviction:
1)Presence of a support zone
2)Support from 50 week EMA
The Reward to Risk Ratio also seems favorable
*NOT A CALL*
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