Virajsemwal
Short

RELIANCE : CONTRA VIEW

NSE:RELIANCE   RELIANCE INDS
119 views
4
119 2
1. ovesold as of now ..
2. RSI divergence...set up might fail tooo...thts y wait for confirmation....
3. short below red TL for black TL n below...
4. dont short early though entry can b taken when 20 MA is broken on hourly charts(big momentum red candle)...
5. keep it on watch list...
Disclaimer: no posns but in future may b ..
Comment: 1540 CE also showing weakness .. Can be shorted below 13.5 also ....
Agreed, But SHORT can be initiated @ 1525+ Region. As Bulls Volume risen to 163.76% (approx).
Reply
@DSKF16, sir I shall take entry only when red TL is broken ...if would entail short term trend change ..option chart are also hinting n entry where 1540 CE can be shorted below 13.5 ...
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