varadtambolkar

Relinace readying for a move?

varadtambolkar Updated   
NSE:RELIANCE   RELIANCE INDS
All observations on chart.

Dotted arrow: Lows shifting higher in indecisive zone.

Strictly Enter when it breaks the Indecision zone.

My conviction & other observations says it will be on higher side of the zone.

Comment:
If breaks on upside, should also sustain above 2085 which is large red body candle high.

there other observations on daily charts, but it will be too much confusing for viewers.
Comment:

Simpler terms, wait of either side move in weekly and keep sl at Upper/lower end of the zone
Comment:
Sorry for the mess. please check daily observations below.
Comment:
Now as oer main idea, we got a closing above 1980 levels, closing above 2085 would have been much much better. Yesterday was a good enetry for partial quantity or even daily close above 1980.

We got a closing above 8 weeks high also 😍

Overall we can say reliance is ready for bullish move. 😃
Comment:
View failed Miserably, back in the no trade zone.
Comment:
1798 and 1835 very very important levels for Reliance

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