AbhishekHSinghCMT

Reliance-Breakdown Below 1890-Can it End with Ending Diagonal ?

Long
NSE:RELIANCE   RELIANCE INDS
Careful to trade only on assumptions as the pattern proposed ( Ending Diagonal ) is immature - wait for the markets to move first & as a trader you should join the direction of the trade

----------------------------------Do not trade if stock falls below 1855 -1875 zone--------- ------------
Crossing Above 1890-1900
Target 1 - 1975
Target 2 - 2020-2025
Target 3 - 2075


Snapshot on lower degree - 30 mins chart



Trade active: 14:51 Hrs / 29th Jan2021

Last @ 1868

Zone - 1855 to 1875 is very important if Reliance has to push upside for higher targets - 1975/2020/2075 as mentioned

If it falls below 1855 - stock is exposed for new lows
Trade closed manually: 15:26 Hrs / 29th Jan2021

New low in Reliance is 1830 as suggested above falling below 1855 it will be exposed for new low

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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