RELIANCE a good medium term bet

Zaktualizowano
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..
Zlecenie aktywne
Trade Triggered..
Zlecenie aktywne
after breakout, now it came to re-test the trendline.. one can enter here for better risk to reward..
Transakcja zamknięta: osiągnięto wyznaczony cel
Target 1 achieved on 5th January
FibonacciflagandpolepatternFlagmedium-termmediumtermpoleandflagpositionalRELIANCESupport and Resistance

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