Hello traders, no updates on the last stocks due to limited time I have right now.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.
Buy above - 2400
Targets marked in the chart above
RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Reliance has been following a supportive trendline for about 6 months and now it is following a resistance trendline for about 2 months, it is time for the intersection of these trendlines to complete the symmetrical triangle. When it gives a breakout from this triangle go long for the upper marked targets.
Buy above - 2400
Targets marked in the chart above
RSI in the bullish zone
MACD above signal line
Stock above 200 ma cluster
Above flip zone
Symmetrical triangles tend to be a continuation pattern and in this script I'll consider going long as a better opportunity.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Trade active:
Already sitting on 2.4% gains in cash.
Godspeed
Godspeed
Trade closed: target reached:
Target 1 hit.
Godspeed
Godspeed
