SBI Life gave a breakout from descending traingle pattern. The stock currently is testing the breakout trendline which was the major reason to enter this trade. RSI is at approx 40 levels, which indicates there could be an upside in the stock
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