After printing a PIN BAR buy signal price jumped up strongly from 555 level of key support & next level of resistance is seen near 586. We already had two buy entries on this stock using lower & higher timeframes with a current stoploss standing below 556(for lower timeframe) & 530(for higher timeframe) targeting 586 level of resistance to reach in coming days. Using lower timeframes, we usually open trades for a very short period like 2-3 days & using higher timeframe analysis, we open trade to hold it for 2-3 weeks as the stoploss & target becomes wider here.
PLS NOTE : All chart analysis posted here are the author's own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone.
To get LIVE MARKET trade setups in RELIANCE,IDEA..more & trade directly with me : JOIN ME HERE