NeeteshJain

Reliance Breaks Support (Sell Setup)

Short
NSE:RELIANCE   RELIANCE INDS
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7
It is been observed that the price action is trending down as it makes Lower High (LH) and Lower Lows (LL) sequence, indicating a down trend is continuation. Now, the price action breaks and close below crucial support levels of 1055 which indicates further move down to the next support levels at 1033-1030.

It is also to be noted that the price action is in progress of completing a bullish harmonic ABCD Pattern .

Target: 1033
Stoploss: 1075
Trade active: Now, moving towards the target..sitting tight.
Trade active: 1% down, keep going
Trade active: Consolidating
Trade closed: target reached: Targets reached successfully, Cheers :)

Comments

Brilliant!! You saw it.
+1 Reply
Thanks Nirav, I appreciate it. Regards
Reply