Reliance Simple Price Action Analysis
Updated
RELIANCE is in an Uptrend as it is creating Higher Highs and Higher Lows in the candlestick chart. The Price is currently trending on a Demand Trap Zone and a bullish corrective ABC pattern is also visible in this chart. Hence the expectation is price will go up to 2656.50/- i.e., 2:1 Reward to Risk and Approx. 10.01% Return on Investment.
Trade closed: stop reached
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