Reliance Breakout

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Increase in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.

Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)

Use Halftrend for trailing stoploss. RELIANCE

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ملاحظة

Keep strict stoploss as we can see strong continuous upper wick rejections