AbhishekHSinghCMT

Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)

NSE:RELIANCE   RELIANCE INDS
Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea

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Most Important Resistance ⚠️ 2022 ⚠️
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Trading Strategy


Plan A
Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look for 1950 (Target 1) / 1975/1980 (Target 2)


Plan B

Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C

Plan C
Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone /
Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)



Trade closed: target reached: Above 1900 to 1975 - Target achieved & Sell Started From The Tops @ 1975
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Thanks
+3 Reply
OK, sir, Back to back ABC analysis on two stocks ITC & RIL , thanks sir. It will be really helpful in your absence for next week.
+3 Reply
wave4th triangle patternabcde nice pattern.I couldnot understand pattern but i clear pattern by you
+1 Reply
thanks sir. i also think 1999/2000 is very important level. the point from which last week's fall started.
+1 Reply
That was one amazing read on Reliance charts, Abhishek. Hats off to you Sir ji! I think your other targets are also very much active, which also means the market may be in for a bit of well awaited correction. Thanks for the ride.
+1 Reply
Taking support at 2022.superb analysis🙂🙂
Reply
plan b & c are disgusting.
Reply
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