Short

Reliance - Short Term Sell Continues Below 2050

Updated

Idea Valid Only & Strictly in 2050-2060 Zone (Traders can consider selling only in this zone else avoid) - Target Downside - 2025 (1st Target) & 1990-2000 ( 2nd Target Zone) which is important support zone

Last Idea on Reliance

Reliance -Short Term Moves (Sell First & Buy Later)

Note

Structure is choppy - so wait - very high possibility that RIL falls to 2025 / 2000 which is important support level

Trade active

11:11 Hrs / 16th Feb2021

Last @ 2066

It is a corrective leg which is unfolding from 2015 bottoms so chances are high that revisit of 2025 & 1990-2000 zone is very much possible & do your due diligence & find out more why it could fall ?

Trade active

Bearish Cypher at the Tops 2078/2079

Note

Apologies - It is a bullish cypher instead of "bearish cypher" suggested above - 2078/2079 was the key zone where reversal could have been expected

Trade active

Snapshot ----Selling From Most Important Zone 2078-2079

Trade closed manually

Trades were choppy & no follow up below 2050 / 2060 - key levels

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

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