Reliance long positional view
Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in current scenario.
So we can assume 6th back to back target as per chart view or historical data.
Entry = Above 2350.55
Stop loss = 2299
Target = 2413--2494--2580--2698--2827--2975+++
Disclaimer = This is an educational purpose post not as trading recommendation, Trade at your own risk.
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in current scenario.
So we can assume 6th back to back target as per chart view or historical data.
Entry = Above 2350.55
Stop loss = 2299
Target = 2413--2494--2580--2698--2827--2975+++
Disclaimer = This is an educational purpose post not as trading recommendation, Trade at your own risk.
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