RELIANCE a good medium term bet
Shows signs of short term trend reversal (bearish to bullish), and continuation of long term trend of bullish
1) Took support on 200 Day Moving Average
2) reversal from 61.8% retracement level of Fibonacci support level
3) Head and Shoulder pattern neck line Breakout
4) Flag and Pole pattern
5) Trend line Breakout
6) reversal from June Highs of 2375
for Short term Trade, keep stoploss below 2329
and for medium term keep stoploss below 2289
all levels in chart..
1) Took support on 200 Day Moving Average
2) reversal from 61.8% retracement level of Fibonacci support level
3) Head and Shoulder pattern neck line Breakout
4) Flag and Pole pattern
5) Trend line Breakout
6) reversal from June Highs of 2375
for Short term Trade, keep stoploss below 2329
and for medium term keep stoploss below 2289
all levels in chart..
トレード稼働中
Trade Triggered..トレード稼働中
after breakout, now it came to re-test the trendline.. one can enter here for better risk to reward..トレード終了: 利益確定目標に到達
Target 1 achieved on 5th January
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