Reliance Long opportunity
Updated
We can observe Stoploss hunt behavior and pattern fake breakout, potential long opportunity above 2650 lvels.
We can look for longs in Reliance if 1hr candle closes above 2650 with good volume,
short term targets should be 2750/2800 levels with recent swing low as stoploss.
--Educational purpose only.
We can look for longs in Reliance if 1hr candle closes above 2650 with good volume,
short term targets should be 2750/2800 levels with recent swing low as stoploss.
--Educational purpose only.
Note
Reacting from Demand zone, no entry yet.Trade active
Entered in trade 150points up already.Trade closed manually
Tail SL hitTrade closed: stop reached
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