1. Previous Res turned Support
2. Adam and Eve Double bottom at new Support
3. Trendline break upwards
4. RSI didn't hit oversold
5. SL is below the new Support and Target is a possible test of the highs.
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