WaveTalks

Reliance -Short Term Moves (Sell First & Buy Later)

WaveTalks Updated   
NSE:RELIANCE   RELIANCE INDS
Mercury Retrograde - Don't forget as most of the time it will trick you - doing false breakouts /
breakdowns as it did near 1835 lows shown in last idea where proposed X-wave got completed

• Sell 2030-2035 for 1990-1995 or Sell 2055-2075 strictly

• Buy 1980-1995 zone if fall halts or stops then expect back 2030-2035 & 2055-2075 target zone



Update suggested on last idea @ 13:48 Hrs / 11th Feb2021



Last Idea - Careful At the Tops -The Wave-Y
Comment:
Trade active:
15:13 Hrs / 11th Feb2021

Last Price @ 2054

Kindly do the due diligence at your end & see if you can align with the sell suggested but strictly "Sell only between 2055-2075"

It has traveled in 2055-2075 zone suggested this morning in the last idea

Trade active:
23:28 Hrs / 11th Feb2021

If Stock Starts Falling Tomorrow from 2055-2075 zone suggested then look for these targets in order downside -

1990-1995

1935-1950

Below 1920 (Strictly, Should Not Bounce Above 1935 once starts falling below 1920) then look for

1830

Thanks
Trade active:
09:42 Hrs / 12th Feb2021

Last @ 2058

Selling Started close from top end @ 2075 ----------Day High @ 2078
Trade active:
13:18 Hrs / 12th Feb 2021

Last @ 2049

Book Partial Profits in 2040-2050 zone as bounce can be expected if this zone holds

Take Next Selling below 2040
Comment:

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

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