RELIANCE FOR SHORT TERM SWING

Apr 10

Reliance Industries is making continuous Higher-Highs on higher timeframes. So it is very obvious that we can see a new ATH above 3050 (exact current ATH is 3025, but we are taking some buffer as it is one of the most manipulated high beta stock). Target is calculated using the ABCD pattern of Harmonics. Once price tries to break the current ATH, shift to 15 min timeframe and wait for a retracement for entry.

Apr 19

Note

This idea will be invalid if a daily candle closes below 2800.