Reliance - big move may come soon, afrwe a long consolidation,

Major moving averages and Ichimoku sens are placed too close within 1945-1975 range.

Expect a big price move soon, the move should probably be on the upside.

1906 can be used as the stop-loss for long positions.


but descending is being formed
ipuneet dkdilipkumarmaurya
@dkdilipkumarmaurya, one may wait for break-out above, 1945-1954-1969-1974 all these can be seen in the chart, or buy with a stop-loss of 1904. When I say buy I only mean a bull spread or a duly hedged future long position, and of course, cash buys with a medium-term view.
Good analysis
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