Reliance - At A Breakout

מעודכן
The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
הערה
Reached the first target of 2375.
הערה
On its way. Crossing 2410.
הערה
Reached the second target of 2425. Keep watching.
הערה
Reached 2470. Towards 2500.
עסקה סגורה: היעד הושג
Reached 2500.
הערה
As I anticipated, the price reached 2575. Analysis completed.
Chart PatternsfuturesintradaylongsetupRELIANCETrend Analysis

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