On daily chart trading in upward sloping channel,
formed positive MACD crossover,
Taken trade when on hrly chart found support at Ichimoku cloud for short term with SL as lower edge of cloud at 1320.
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