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RELIANCE- THE MARKET MOVER
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NSE:RELIANCE
Reliance is consolidating in a Channel(Channel is a pair of parallel lines ).
Yesterday the price taken a support from the bottom of the channel and moved up.
If if manage to remain above 2388 it can show a up move.
Nifty is also standing at a resistance. Nifty cannot be positive without reliance.
Buy above 2390 with a stop loss of 2365
Its my view not a recommendation. For educational purpose only.
Reliance is consolidating in a Channel(Channel is a pair of parallel lines ).
Yesterday the price taken a support from the bottom of the channel and moved up.
If if manage to remain above 2388 it can show a up move.
Nifty is also standing at a resistance. Nifty cannot be positive without reliance.
Buy above 2390 with a stop loss of 2365
Its my view not a recommendation. For educational purpose only.
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Posted this idea today morning.It has move more than 2% today.
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