The Stock Name: Reliance
Once Upon a time: Reliance stock was struggling below the resistance point
Then Reliance stock broke out with a big move on Feb 22 2017
I covered Reliance here at smarketpremium.com and also on Twitter
A mega breakout in Reliance after 9 years....Reliance all set to rally another 50-100% over next 2 years
— Deepak Singh (@smarket) February 22, 2017
This is what Reliance stock has done post breakout: - A clean move of 38-39% post breakout opportunity
Why Reliance stock pulled back in last few days - Profit taking at All time high
What Next for Reliance? - Well, let us leave that for some other day. Reliance is still a breakout and Bullish stock and has leadership status.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers