TDXPRIME

reliance harmonic detailed view

Long
NSE:RELIANCE   RELIANCE INDS
as we can see a small harmonic pattern completed at .886 and stock made red candle here . Though candle surpassed this level but eventually fell .Now if interim support is broken on candle close basis we can buy at 2045 which will be best to buy in cash.
And if interim support is not broken we can see upside directly from here till 2492(Another harmonic pattern completes here)
I have shown both possibilities with different arrows
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Comment: rising from interim support

Comments

Which possibility likely to workout, pls suggest
+5 Reply
TDXPRIME UpendraBabu
@UpendraBabu, for safe side, long only when candle closes above 2249 or orange line
+2 Reply
tjanardana TDXPRIME
@TDXPRIME,
Tab tak tho bahut deri ho jayegi
2249 candle close .. will be too late for making gains by trader
There's no confirmed clarity
Only options.people need confirmed suggestions
Reply
TDXPRIME tjanardana
@tjanardana, then maintain stop of interim support
Reply
TDXPRIME tjanardana
@tjanardana,
can you pattern? wait for breakout from this
Reply
kumarsuresh86 UpendraBabu
90% probability that it will go down as studied from Bolinger band. But it will rebound from 2045-2049 levels.
Reply
TDXPRIME kumarsuresh86
@kumarsuresh86, for now rising from interim support
Reply
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