Intraday trade June 18, Reliance rally!.

It’s Foreign investment time in Reliance industries Ltd,investments are coming thick and fast for Jio,
Clearly Indicating a Strong foreign interest in 🇮🇳 India.
There is news about another investment in Reliance from Middle East.
Opening range breakout on these kind of days is going to be really rewarding if played properly.

Reasons for trade
1 news about investment and overall market is positive.
2 above vwap and Moving average.
3 break of opening range with a strong bullish candle and hammer.
4 double bottom breakout,flag breakout.
5 above 2 day high.


2 day high at 1635 
So we buy around 1636 with stop loss at 1659.
For a target at the end of the day.
Reliance keep on moving up on trending days with news,so better to trail for good risk reward.
So,entry 1636
Exit    1660
Risk reward. = 7: 24
Better than 1:3.
Note - only for educational purpose. 

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