Daily chart- Taken support at cloud, trading above conversion line, formed positive crossover on MACD.
Taken trade when it crossed middle of Bollinger with green candle on 15 min chart with strict stop loss.
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