Reliance intraday setup-3rd December

Reliance had a good long setup today. 1300 level was acting as a resistance for past few days. Yesterday it did close above the level but that was late in the day and that too with weak volume. Today the market opened gap up and then there was a strong bearish candle and then in the next two candles the prices closed above day high. Nifty was also looking bullish and hence I took this trade. The trade was going well but then 11:30 candle was bearish. The previous two candles were consolidating and then this candle gave a weak closing with wick on top. The wick was more than 50% of the total candle. I decided to exit the trade as my assessment indicated a loss of momentum. I give high importance to momentum. If the momentum is dying then I would exit from the trade. This part is discretionary in my trading. In yesterday's trade the target profit was not fully realized as I exited early. Today I did the same and the prices stalled and went sideways. So we have to maintain consistency in our rules to handle the uncertainty in the market.