U pattern breakout in Reliance at 2200 level
Updated
Here you can see Reliance created a U shape pattern at 2200 level and now it has given a breakout and also retested the level yesterday. It may be good long opportunity today if the price starts showing strength towards upside today.
Trade closed: target reached
Was good move towards the upside when the market opened. I took long position around the end of first 15 minutes and booked .80% on my position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.