On weekly chart, it is observed that the reliance is breaking out from a ascending triangle indicating trend continuation and strength in price action. Now it shall reach to 1140-1150 levels before it retaces back.
Just seen your long call. I too got long on Reliance @ 1092 after seeing day chart in noon approx same time when you have recommended.
Though current scenario don't looks good as market lost the momentum and same affected RIL too.
I hope it will not touch your stop.
Happy trading
NeeteshJain
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I understand that and I would recommend you to wait to buy it until it breaks above 1098 levels as It may retrace back to stoploss levels due to market conditions.
Though current scenario don't looks good as market lost the momentum and same affected RIL too.
I hope it will not touch your stop.
Happy trading