The stock has given a breakout from an important resistance at 583-587 price levels on 15 Minutes chart supported with a volume spike. The bullish movement can also be supported by ADX and a positive MACD crossover
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