this is good short opportunity on reliance.if market close this area and retest the same level then market go to at least last mark area next is next just wait for my next update
@Reliance TopDown Analysis ; it can give a Breakout soon........ 2000 is Strong Supportzone.
Reliance Technical pointing towards an area of Interests for shorts. Market Profile Analysis Volume Analysis Harmonics Fundamental Analysis
As we know reliance hade reached all time HIGH spotted a good trend in consolidation market looking for reversal for trend change, it may be short or long but i will enter a trade if the trend line has broken Note :- This is just my analysis don't take this as financial advice PUT YOUR THOUGHTS ON COMMENTS I'D LOVE TO HEAR AND RESPOND TO YOU HAVE A GREAT DAY
Reliance looking strong on daily, weekly & monthly chart ...
Refer the reliance chart posted above for more information
Buy between 1535-1605... Time 6-7 weeks. Weekly tend downward Stop loss 2175
NSE:RELIANCE is about to see major fall in the coming days with price likely to fall as low as 1810 . The Moving Average 50 has just crossed over the Moving Average 20. Past performance shows this results in price falling to around 2-3%. Moreover the Moving Average 200 is closing gap with MA50 and MA20 and if crosses above them, the stock can see an even greater...
As Mentioned last chart Reliance took Support from 1830 & Made High Of 1952.if cross 1960-1965 the will be give more good move in upside
Wave 4 Correction is place on larger degree WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started. We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg. On the down side, if Y leg is extended a bit, it may spend some...