Stock in uptrend. Shake out seems to be done after 5 tight daily closings. Relative oputperformance to market. Above key moving averages. Declines have been on relatively lower volumes, indicating supply drying out.
Rationale behind this trade
OPEN
RELIANCE
(Enter above 2117.0)
2000
-5.53%
Current
2150
Target
2000
Stoploss
2117
Entered
(21/01/2021 13:15:00)
Recommended on 21-01-2021 13:08:00 and valid till 21/02/2021