All Fundamental News are discounted. Trading (@ 1623) in Crucial Zone @ 1620 - @ 1660. As per impulsive wave count RELIANCE approaches towards end of Wave - 5.
In Ichimoku analysis: Tenkan-sen & Kijun-sen Turns to flat from UP trend. Some steam left to lift the counter @ 1664 - @ 1673 - @ 1685 level. Though as wave count @ 1673.5 looks Strong.
Go Short Above @ 1665+ (Preferable @ 1673 - @ 1684) TARGETs as plotted on the chart. Due to BONUS Announcement some extra-ordinary activity can be seen. Use proper HEDGE Strategy, to minimize Loss. All Prices mentioned here, in CASH / SPOT Basis.
Strategy forFUTURE: On Query on Comment Box. more updates as per movement.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor
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INTRADAY Level Values in Side-pane having LINE Colour.
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LTP: @ 1588 at 12.45 pm Made a low @ 1578 achieved TARGET #1. Mentioned "TPZ: @ 1585 - @ 1576"
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Made a LOW @ 1533 Enter "TPZ -2": @ 1538- 1514. Cover Short @ 1520 - @ 1525 level (as possibility to come today early trade)