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RELAIANCE INDUSTRIES formed FLAG pattern during MAR14 with good volume at theploe and low volume in the flag and enormous volume at the break
TRADE PLAN RELIANCE INDUSTRIES Long ENTRY 990
STOP LOSS 960 (RISK 30 )
TARGET1130 (REWARD 140 )Sir, The attached chart is not qualified for Flag Pattern.
Reason 1 – Pole is not Steeper
Reason 2 – The Sideways took longer than expected period
Kindly review it and post your response
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