Reliance Industries reached near its 52 weeks’ high today, forming a bullish engulfing candle, This Stock can be used for swing trading in coming days. Tomorrow if it crosses today’s high and able to sustain (hourly candle) or forms a positive price action (minimum 15-minute time frame), a bullish trade can be initiated. In that case buy price will be above 2800, and stop loss will be at 2755. It should face resistance at 2868 level which will be the first target, followed by 2996 and 3113.
Only a study, not any advice of trading
#Relaince
Only a study, not any advice of trading
#Relaince