samparkamaity65

Reliance good option to trade intraday

Short
samparkamaity65 Updated   
NSE:RELIANCE   RELIANCE INDS
Purple trendline is acting as a very strong resistance

from here, we can draw out two possible situations

1) Reliance opening below 2011 and going straight down from there
2) Reliance opening somewhere inbetween 2060-2011, and going up and down
and forming a descending triangle only to go down in the end
Trade closed: target reached

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