Formation of Morning star indicates direction change. Also if we look back in the chart, the stock's weighted moving average (Period = 50) has always been a support for it, thus as soon as the stock hits the average, it will change its direction.
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