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ShubhamDhaygude

Relience taking Support

Long
RELIANCE INDS (NSE:RELIANCE)  
ShubhamDhaygude  
NSE:RELIANCE   RELIANCE INDS
Trend Analysis Cup And Handle swing relience positionaltrade longsetup longposition
2
0
trendanalysis cupandhandle swing relience positionaltrade longsetup longposition
Relience taking Support at major SR level.
Made bullish candlestick in daily TF with good volume (higher than previous days).
Also taking Support at trend line.
Also @200 MA in daily TF.
Made base in smaller tf with Cup and handle pattern.
Also broke resistance trend line while closing session with high volume.
Market sentiments are bearish but expecting reversal in coming days.
A good swing trade can be taken after previous days high in broke with good volume.
Will wait for retest if open gap up.
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