NSE:RELIANCE   RELIANCE INDS
As suggested in my previous idea, below 2163, 2121 and 2073 is expected, and as soon as it broke the support it made low of 2091. Now, RELIANCE has formed a reversal pattern. The pattern will be valid and trade can be executed only if price holds above 2134 levels for target 2188, 2226, 2256 levels, else we could see 2173 and 2156.

Link below for the previous idea.


Regards
Comment: As suggested, coudn't move above 2134, now downside opened for 2173/53/45/18
Trade closed: target reached: All downside targets reached

Comments

kuchh bhi.....
+3 Reply
I liked your color template combination :). Of couse your analysis as usual
+2 Reply
@RaviYendru, thank you! i spent more time on this combination than my last 4/5 analysis :D
Reply
now where do u see the support...2030-2040 has acted as a good support in the past..seems this will be taken off as well
+1 Reply
@ankitgrvr147, will wait to see how it reacts around 2000, else if this too taken out, will expect 1925/1900
Reply
superb call sir..
+1 Reply
@mklives, when will you stop calling me sir?
+1 Reply
mklives yogi_sharma_elliottician
@yogi_sharma_elliottician, great call dude
+1 Reply
@mklives, Haha thank you mate
Reply
your template simply amazing. i can stare at this chart for hours without getting tired.
+1 Reply
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