Reliance Bet for 2190 in few days/weeks
Aktualisiert
IF you notice the volume spike I have mentioned in the volume chart, reliance is ready to cross the accumulation zone and reach 2190 so it's a good risk-reward ratio to go long from here.
I have gone along with a hedge of 1900 PE to handle the results risk.
In the 15 Minutes chart, we are seeing a clear reversal pattern of double bottom and accumulation patterns in the cluster of 1900-1920.
Although the target is 2190 I will review it at 2050 and 2150 and adjust the trailing stop loss but looking good.
I have gone along with a hedge of 1900 PE to handle the results risk.
In the 15 Minutes chart, we are seeing a clear reversal pattern of double bottom and accumulation patterns in the cluster of 1900-1920.
Although the target is 2190 I will review it at 2050 and 2150 and adjust the trailing stop loss but looking good.
Kommentar
Fib levels are also convincingTrade geschlossen: Ziel wurde erreicht
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