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rajivghosalkar
Aug 3, 2017 8:54 AM

Terminal impulse observed in Reliance  Short

RELIANCE INDSNSE

Description

We can see a target of 1371 by 25th August , as Reliance has formed a terminal impulse pattern. A reversal is expected anytime soon. RSI is showing negative divergence on Daily and hourly charts as well.

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1674 should be a good level to short with a stop loss of 1700

Trade active

The targets seen are levels below 800, with a Stop loss between 897- 908.
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