RELIANCE INDUSTRIES LTD.Updated Reliance forming triangle apex.
Symmetric triangle at apex. Second time with in YTD.
Upon downside breaking can target to 1030 and upside 1220. Stop loss place just outside triangle.
Straddle may prove to be cost effective.
Upon downside breaking can target to 1030 and upside 1220. Stop loss place just outside triangle.
Straddle may prove to be cost effective.
Note
For any single side view, wait for C, D level break out and close the opposite side of option.C = 1135 break - Positive - Long
D = 1080 break - Negative - Short
Note
Long target reached and retracing back.
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