Reliance - Descending triangle

A descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........

Note:

• Avoid the stock if a big gap up or gap down is seen
  
• Enter after the breakout happens and not before it
  
• Do not chase the market, i.e., do not get involved in late entries
  
• Only enter with strict stop-loss and target
  
• This is not a recommendation and is for educational purposes only.
  
• always follow risk-reward and quantity management for the 100% of the times
  
• The above mentioned idea may not work, so beware of the risk you are taking
  

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