Reliance- Trading Incomplete Corrective B-Wave Till 965
Updated
S-L Short First & Long Later
Reliance is struggling to move up to the desired zone of 1035-1040 as expected in previous updates. Going below the Rectangular Box or leaking below - likely there will be a chance for Reliance to retest the 960-965 zone back again & assuming that will complete corrective B-wave
Trading Strategy
Going below 985 - shall be looking for 960-965 zone & Holding above 930 - we will come back later to see whether it can move up towards 1035-1040 zone to complete its upside leg & give us C-Wave.
Related Analysis Attached Below- How Reliance was an excellent call selling close to 1145 -swing high & falling from Triangle
Reliance is struggling to move up to the desired zone of 1035-1040 as expected in previous updates. Going below the Rectangular Box or leaking below - likely there will be a chance for Reliance to retest the 960-965 zone back again & assuming that will complete corrective B-wave
Trading Strategy
Going below 985 - shall be looking for 960-965 zone & Holding above 930 - we will come back later to see whether it can move up towards 1035-1040 zone to complete its upside leg & give us C-Wave.
Related Analysis Attached Below- How Reliance was an excellent call selling close to 1145 -swing high & falling from Triangle
Trade active
13:35 Hrs 9th Dec2016Last Price@1029
It did not leak below rectangular box -infact moved upside which I was expecting for so many days now till the index is in positive mood -looks like reliance might kiss 1040 mark & extended a little bit upside in the zone 1045-1050.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.