I have taken into consideration Daily chart & 14 day RSI chart.
Both charts are showing support formation, on daily charts it is at 1140, while on RSI chart it is at 50-55.
So that is my 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