Taken support from trendline, currently trading im falling wedge pattern, taken trade when hrly bollinger band turned wards and stock trading above 20MA, and hrly MACD approaching zero.
trading with strict SL
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