Reliance Industries- Intraday 10 May 2021
As RIL formed a symmetrical triangle, Long can be executed once the trend line got broken in both RSI and the price chart in upside.
And short can be executed similarly vice versa.
As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975.
Even if the stock broke the trend line downside, it will reverse soon as the RSI value will be very less. So we can enter again in Long in the mentioned Strong support zone.
Kindly share your valuable feedback.
Disclaimer: Please do your own research and take your trade. This view is for educational purpose only.
And short can be executed similarly vice versa.
As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975.
Even if the stock broke the trend line downside, it will reverse soon as the RSI value will be very less. So we can enter again in Long in the mentioned Strong support zone.
Kindly share your valuable feedback.
Disclaimer: Please do your own research and take your trade. This view is for educational purpose only.
כתב ויתור
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