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AkmeAnalytics

[Reliance]: Break and Retest done and Ready for Power Move

Long
RELIANCE INDS (NSE:RELIANCE)  
AkmeAnalytics Updated   
NSE:RELIANCE   RELIANCE INDS
Support and Resistance Trend Lines Candlestick Analysis relianceindustries priceaction priceactionanalysis priceactionstrategy priceactiontrading priceactionsignals
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supportandresistance trendline candlestick relianceindustries priceaction priceactionanalysis priceactionstrategy priceactiontrading priceactionsignals
Reliance looks strong in the chart and breaks downward trendline and retested followed by a bullish candle.

So, I am looking to go long in Reliance above 2235 with initial Stop Loss @ 2105 for the First Target of 2365 and 2nd Target of 2495

1st target has a Risk-Reward ratio is 1:1 and 2nd Target has a Risk-Reward ratio of 1:2

If my 1st target achieved then, I will trail my SL from 2105 to 2149
Trade closed: stop reached
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