Reliance Industries Ltd. ( potential to break all time high)

il y a 6 jours

Sector: Oil Exploration and Production
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in HTF demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...

price may face resistance at 2975-3050 as DAILY supply zone as well as HTF supply zone....
on the other hand PA moves against our anticipation, 2700 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...

Who's gonna trade with me for this trade IDEA let me know.....