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Reliance has formed a bullish engulfing with high on 03Nov2020. RSI has moved above 30 on engulfing day and Moving average line was very distant from current market price. This gives more confidence on trend reversal. Entry will at 1913, end of the day on engulfing. Stoploss at 1837, low of engulfing candle. Considering RRR as 1, target 1989 was achieved in 3 days.
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Good Analysis ! Thanks.
Hi Suresh, Thanks for verifying.