LONG Reliance

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All the trend lines drawn on the chart are trend lines with multiple reactions.

Stock has recently taken support off a trendline and is approaching the next one.

Upon breakout of that trendline, we can see another leg up for Reliance.

I will keep two stop loss points in this trade. I am carrying this in cash(not in F&O).

This is simple price action and trend analysis.

See my remaining charts for understanding price action and trading psychology.
Trade attivo
1950
Trade chiuso manualmente
Kept position too long and it is currently in a consolidation zone. Stock is not trending. Will re-enter when stock starts to trend.
Nota
1988
Bullish PatternsChart PatternspriceactionanalysisRELIANCESupport and ResistanceTrend Analysis

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