✍The Reliance industries Ltd has give positive breakout above the resistance level.
✍As seen in the above image the range goes on narrow after the period of time. This shows the descending triangle on the chart.
✍The support level formed at the low.
✍While taking a long position 1920 should be considered as a stop loss, the low made by last candle is 1923.
✍As you can see in the above image after the rise from March lows the stock has shown consolidation from 5 months.
✍This underperform of stock against the index may lead to big rise in it.
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