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RELIANCE INDUSTRIES LTD
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RELIANCE Potential Inverted HnS

Par ST_SNOOPY
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Reliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade
Transaction en cours
Trendline broke but wait for retracement.
Transaction en cours
Strength coming in
Transaction en cours
2% up from breakout
Transaction en cours
Today's fall was on back of higher volume. If you want to enter, wait for the retest of 50 or 200 DMA. They will provide support to the stock
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5% Up from breakout level. It is advisable to book out 50% quantity
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2,500 achieved
Transaction en cours
8% up from breakout
Transaction en cours
One can book rest of the quantity around 2,580 levels
Trade fermée: cible de profit atteinte
Chart PatternsTechnical IndicatorsniftylevelsniftytrendRELIANCEswingswingsetupswingtradeswingtraderswing-tradingswingtradingTrend Analysis
ST_SNOOPY

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