gregferns

RELIANCE INDUSTRIES

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NSE:RELIANCE   RELIANCE INDS
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Reliance moving in an upwards wedge formation. On 4 hr TF
Has it broken out of the wedge ?? I dont think so. Volumes are not there to justify it on the daily TF.

I see it coming down to hit the YELLOW LINE and then possibly shooting back up to break through the wedge for the next fibo level.

Let's see... Market is supreme after all...
Comment: Didnt check this chart... And the idea went totally opposite.

ONE THING I NOTICED... Reliance while going down touched all important Fibo levels.

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