Since it is following the classical model, and it has broken the support line, now there is a chance for breaking the resistance line after market testing. For safety I have put my target price just below the immediate resistance.
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