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
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Structure is choppy - so wait - very high possibility that RIL falls to 2025 / 2000 which is important support level
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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 ?
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Bearish Cypher at the Tops 2078/2079
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Apologies - It is a bullish cypher instead of "bearish cypher" suggested above - 2078/2079 was the key zone where reversal could have been expected
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Snapshot ----Selling From Most Important Zone 2078-2079
Trade closed manually
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Trades were choppy & no follow up below 2050 / 2060 - key levels
@AbhishekHSinghCMT, This must be the corrective leg you are talking about. Going below 2060 should confirm it.
Also, the trendline could act as resistance. Going above the trendline should be a bullish setup.
RishabhGandhi250218
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@gyanmuni also, adx is showing bullish crossover at current levels 👌
@AbhishekHSinghCmt please correct if our understanding is wrong 🙏
thanks a lot
gyanmuni
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@RishabhGandhi250218, 2078-2080 is an important resistance zone. Let's see if it goes above it.
WaveTalks
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@gyanmuni, Bearish Cypher at the tops of 2078/2079 @RishabhGandhi250218 Indicators never tell what is going to happen next as they are based calculated based on price moves itself hence price moves are the ultimate confirmation -if you can figure out all about the price. Having said that I don't deny Indicators confirmation but to certain extent their help can be taken
Akshay77
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What kind of move is going ON RIL?? I can't understand it?
shrisudan
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thank you sir. half way through to the first target already.
Also, the trendline could act as resistance. Going above the trendline should be a bullish setup.