Reliance - (Update) 5th Wave May Start Soon

Sell Setup not activated & was clearly suggested to sell only below 1895

Trigger Point - 1950 ( Once Stock Falls- Manage Your Risk Accordingly) - not valid above 1950
Target Downside - 1895 / 1835 / 1750

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Last Idea
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Reliance -5th Wave May Start Soon Below 1895

Comment:

Dear All,

Kindly read the update carefully.

Repeating Again

As per Last Idea, it failed to go below 1895 which was required for triangular correction to hint that structure is done & stock may fall.

Now this sell trigger is only below 1950 - once stock falls below 1950 - manage your risk accordingly

Comment:

If you are a risky trader. Then you can trade long positions strictly above 1990 for 2015/2030 target upside

This whole sell setup which has trigger below 1950 will have bullish bias till stock holds above 1990 (on short term basis)

If stock pushes upside & starts falling below 1990 later part of the day. That will be early clue for downside.

Thanks & Good Night