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NullCharts
Nov 8, 2020 12:27 PM

Reliance weekly analysis Long

RELIANCE INDSNSE

Description

weekly close above previous resistance consolidate and retest 1978 good to go
On Hourly any consolidation near 1980-2020 and daily closes above 2000 would be a strong buy signal

Comment

Executed properly will look for any consolidation in this area

Comment

seems subscriber news affected the stock price further downside to 1980 position will watch for now looking for any new entry positions

Comment

-My spot trade got executed around 2010 retest for support area in lower time frame ---But 1980 seems to be strong support
gut says dips are for buying and reliance seems to be undervalued may be pannic selling 1980 - 2000 acting as good support area
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