Trade –

Cup Formation (Entry) : 2450-2475
TGT 1 : 2602
TGT 2 : 2752

Reliance has been in a downtrend post hitting the highs of 2750s, this could change as the price is trying to make a cup formation on the chart.
The price had bounced from the dotted trendline twice earlier and this time too is has moved higher after taking the support of the trendline.
Now, till this trendline holds the price should remain in the uptrend and if its broken on closing basis the whole idea will be invalidated.

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