CHANNEL BREAKOUT
ENTRY= 2365
SL= 2200
TARGET = 2588
The stock has been in consolidation since 1.5 years and a fake breakout on the downside was validated by a support confirmation at 200 ema. expecting a 1:1 r:r
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