Completely there seems to have strong reversal from the middle band for 1Day chart. The MACD signal line also seems to dance around and can go up anytime. The bank will be privatized in coming weeks so that is also a huge sign of growth.
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