Saturday, March 4, 2023

Reliance has formed double bottom pattern on daily chart . While the RSI is making higher low which is clear sign of RSI Bullish Divergence .

We can go long on open of next candle.

Target 1: We can keep our 1st target at the nearest resistance which will also the neckline of the W pattern as marked on chart.

Target 2: Once the 1st target is achieved & price gives breakout above the neckline of the W pattern 2nd target will be the next resistance as marked on chart.

We can keep stoploss below the support zone .

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Reliance Stock Market

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