A strong weekly break out of 5 year trendline with increase in volume gave me a bullish go.
Decided my target on basis of expectation of flag and pole break out as there was a gap up opening on day when entered the trade.
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