The STock has taken support and the trend has been reversed bullish. A strong bullish trend can be confirmed with the ADX rising above from a low of 20 levels. The target price has been set at 2886 using the FIb Extension.
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