Hi everyone, Reliance industries mid term swing trade consider buy above: 2,500, target: 2,720, stoploss: 2,409.
LOGIC BEHIND TRADE: Stock has given good correction & formed (w) pattern and given breakout of dynamic trendline resistance & static resistance (target identified from harmonic xabcd pattern level 1.414) & if sustain above 2,500 can go upto all time high, stoploss is taken previous swing low. RELIANCE