Made a hasty trade. Trading in a channel, should have bought near channel support at 1290 which also coincides with long term SR zone for the target of 1530) upper edge of channel, with SL as 1270( lower edge of SR zone).
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