A 6 year trendline breakout in nmdc with the increase in volume in the stock made my bullish view.
Decided my target on the basis considering it as a 3rd wave with target reaching 100% level.
With target of 160.
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