Reliance Short Term Trade
On the daily chart, the stock had formed an inverse head and shoulders,
and has been rising since then. (blue neckline marked on chart).
The level of 2629 has been a temporary resistance after that (yellow horizontal line).
Currently the stock broke through this resistance.
There is a rising volume and atr on and after breakout
Thus, there is a short term trade.
tgt 2754, sl 2592
and has been rising since then. (blue neckline marked on chart).
The level of 2629 has been a temporary resistance after that (yellow horizontal line).
Currently the stock broke through this resistance.
There is a rising volume and atr on and after breakout
Thus, there is a short term trade.
tgt 2754, sl 2592
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