Reliance could bounce going above the trendline & likely if sustains above 1000. Sustaining Above 1000 -can look for the 1035-1040 zone.
Falling from Triangle Top- Connecting Piece
Trade active
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10:50 Hrs 18th Nov2016
Last Price@988
Will this trendline hold the up move of Reliance
Comments
ashokm81
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Trade active: 10:50 Hrs 18th Nov2016
Last Price@988
This means you buy reliance at 988 rs right sir?
WaveTalks
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@ashokm81, Crossing 988 will be the first clue that reliance is looking short term up to the desired zone of 1035-1040 as stated above, but with strict stops below gap up opening likely below 874 - if you can take that much risk then yes. This upside move in reliance will become strong once it crosses 1000 mark as well. Key Support- 874
Last Price@988
This means you buy reliance at 988 rs right sir?