Consolidating in ascending triangle pattern, trading above middle of Bollinger band, stock seems to be accumulating near 1900 zone( volume profile).
Trading for narrow range for upper edge of triangle.
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