so many traders are confused about reliance tradesetup so here is the price action based analysis on 2 hour time frame
1.RELIANCE is respecting bulllish channel .
2.can brake now for taking support
3. or move upward as shown in chart through arrow ,then retrace then will brake resistance and will show upward movement
1.RELIANCE is respecting bulllish channel .
2.can brake now for taking support
3. or move upward as shown in chart through arrow ,then retrace then will brake resistance and will show upward movement
Note
as i marked the upward arrow stocks performed the sameNote
as i marked the downward arrow stock performed the sameNote
reliance is in range now look for range tradingTrade closed: target reached
firstly upward move gave 32,320 per lot secondly downward move gave 24, 745 per lot
Note
now in range we can see upward move soon
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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.