Reliance long strategy

RELIANCE is at the lower band of certain Fibonacci levels and is range bound currently.

Targe level: Fibonacci baseline about 2550.

it is Following strategy can be applied.
Buy reliance @ LTP Around 2400. sell above 2500.
Buy reliance PE 2300 @ about 40 currently.

The volatility in reliance is about 3-4%. If moves upward profit above 2440. If downward, put will help to recover.
keep Stop loss based on individual risk management capacity.

Hold for 2 weeks.