On daily chart reverted from cloud. Stock in consolidation, formed positive crossover on MACD.
Trading at upper edge of Bollinger band, taken trade when hrly MACD formed positive crossover and trade above hrly Ichimoku cloud.
Strict SL of 20 DMA
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