In a weekly chart, it has breakout the resistance of 224 twice and it is ready to grow in future. Keeping in mind the trend line target is set to 250. Stopp loss is set to 215 according the 20 EMA in daily chart.
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