It is right above the middle band and looks to stay above for a good time. Its MACD signal line is also up for a 1 Day candle. Fundamentally it is opening refineries in India with Crude prices going high as economy opens.
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