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WaveTalks
Feb 11, 2021 8:58 AM

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

RELIANCE INDSNSE

Description

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

Comments
RishabhGandhi250218
sir any view ?
WaveTalks
@RishabhGandhi250218, Longer Term View has started - Selling from 2075 -Intraday -It will keep doing up down so I don't track
RishabhGandhi250218
@AbhishekHSinghCMT thank you.. sir
actually got trapped in intraday ..needed a long term view ..clearly it's selling..thank you once again sir
Akshay77
Ok. Thank you sir for giving targets
shrisudan
Thank you sir. It's been spot on several times in reliance last few months.
Akshay77
Ok. Great sir. Thanks❤
himanshuramchandani96
sir I want to know that this is flat correction or zig Zag correction or triangle. please help me
WaveTalks
@himanshuramchandani96, Its a zig zag but what difference will it make if it turns out to be flat or some other correction
shrisudan
Please do continue your updates in telegram. You are the very best in updating and doing follow up your ideas with clear stop loss to safe guard capital. If there were some adverse reactions pls ignore them as they would not have entered at the right levels that you had indicated and seen in isolation and not the linked ideas. Thanks again for the great job that you are doing :)
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