Reliance is making a falling wedge pattern, a bullish reversal setup that typically breaks to the upside.
A breakout above the upper wedge line confirms the wedge breakout.
The immediate target will be the top of the pattern zone — ~1300–1320.
Extended target (measured move): Adding the wedge height (~200 points) to the breakout level → Can aim for 1450–1500 range on long term.
Buying on the breakout and retest of wedge as support will be a valid entry.
A breakout above the upper wedge line confirms the wedge breakout.
The immediate target will be the top of the pattern zone — ~1300–1320.
Extended target (measured move): Adding the wedge height (~200 points) to the breakout level → Can aim for 1450–1500 range on long term.
Buying on the breakout and retest of wedge as support will be a valid entry.
交易進行
T1 done. Next 1445交易結束：目標達成
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