Short Reliance on break above Resistance

13 ago 2019

After AGM RELIANCE has moved up 12.5% roughly on 13-08-19. A break above Resistance which was a support prior to the break down could potentially provide ashorting opportunity.
Expecting the scrip move towards 1315 with potential profit booking zone.
Stop loss placed at 1326.80 and Target at 1290.75, R:R at 2:1

Note: Always risk 1% of account size per trade.