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WaveTalks
Jan 28, 2021 9:52 AM

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

NSE:RELIANCE240
RELIANCE INDSNSE

Description

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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

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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

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15:26 Hrs / 29th Jan2021

New low in Reliance is 1830 as suggested above falling below 1855 it will be exposed for new low
Trend AnalysisWave AnalysisBeyond Technical Analysiselliottwaveprojectionelliottwaveretracementwavetalks
Comments
Shivam93
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Chotu sa (small diagonal), it can be chota packet bada dhamka,,, I hoping ... let see thanks sir for time to time updates, It also help us educating how marrket works,, Really helpful.
ANK99
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should buy this for long???? @1800 level...if comes
WaveTalks
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@ANK99, It could move upside if starts moving again above 1835 suggesting a false breakdown below 1835 which was key level
Niftydirection
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Sir aaj to tod diya previous low abhi 1630-1450 jayega lag raha. Will share my count tonight please review
RishabhGandhi250218
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is target 1 still active ?
WaveTalks
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@RishabhGandhi250218, Yes. I have suggested about Reliance in latest Nifty Idea
Smhaditya
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Hats off! Cracking complex stuff needs genuine interest... Sir keep it up..
mahesh12392
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sir canara bank feb target please tell
Akshay77
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Ok sir. Thank you.
ReviveTraders
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lets wait for the breakout🎯 ......sir one question what do you expect from the budget & how it 'll react to stock market in short term ?
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