Reliance - Breakout with Volume Expansion
Updated
Reliance is coming out of the Accumulation zone, the range which was created 60 days ago. There is an expansion of volume on the Breakout with a good Bullish candle. There is also a break of structure since it created a higher high. It may retest the 2050 area on lower time frames. Every dip can be seen as a buying opportunity.
Targets: 2200, 2350
You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Targets: 2200, 2350
You are always advised to use an appropriate Risk-Reward ratio as per your strategy. If you like my charts, make sure to share and comment.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Note
Target 1 reached. ✅✅
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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