RELIANCE INDUSTRIES | Good R:R setup |Add on dip | 25%+potential
CMP-2055 (add near 1950-2000)
SL- 1899 (closing)
Target- 2600
27/7/21
- Reliance moving in an trending uptrend and is consolidating in an symmetrical triangle pattern
- Confluence of lower trendline and 50EMA in W
- In D, immediate support and 200EMA confluence
- Dried up volume inside the triangle
- RSI chart also making symmetrical pattern and is near support area
SL- 1899 (closing)
Target- 2600
27/7/21
- Reliance moving in an trending uptrend and is consolidating in an symmetrical triangle pattern
- Confluence of lower trendline and 50EMA in W
- In D, immediate support and 200EMA confluence
- Dried up volume inside the triangle
- RSI chart also making symmetrical pattern and is near support area
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