Reliance- Will it start moving down to 930-940 zone?

(( ))- circled wave
Corrective Wave, which started from 930 lows has fulfilled the minimum criteria of kissing the zone of 1035-1040 as expected in previous updates by making a close recent high@1032- where it travels 61.8% of ((ii))-(( III )) wave distance & could be a double top which is not confirmed yet.

Trading strategy
It should hold below 1030 to give us confidence that a down leg has started for the 930-940 zone-likely trading in the range of 1020-1025. So, In coming session we need weakness in the stock & if that turns out correct, then we will likely plan to take selling opportunity on the bounce back & keeping a tight stop loss of 1033 & above.

Risk/Reward- 8.25 - Gain of 90 points & Stop of 11 points.

Related Analysis Attached Below
Dec 23
Trade closed manually: 17:15 Hrs 23rd Dec2016

Closed -Do refer the latest ones always
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ


one more thing of your adani port. today two days back clsa gave buy call to adani ports at the top of this current rally.with a target of 375.now i am confident enough ur call will get success.
@sandy, CLSA talks for 10 years time frame not from trading point of view.
Gopal_Dhamija AbhishekHSinghCMT
@AbhishekHSinghCMT, IV gone in the territory of I..... still expected dwn tgt !
@Gopal_Dhamija, I have updated in the post of Reliance
@Gopal_Dhamija, new post on reliance
Gopal_Dhamija AbhishekHSinghCMT
@Gopal_Dhamija, Where means? - I think I have mentioned in heading to--
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, reliance I have already closed as per latest analysis.
Gopal_Dhamija AbhishekHSinghCMT
@AbhishekHSinghCMT, k, still its voilated !
@Gopal_Dhamija, Hello Please read the latest one why I closed
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