shiv0110

BUY INVERTED HEAD AND SHOULDERS

Long
NSE:RELIANCE   RELIANCE INDS
THIS CAN BE A PERFECT INVERTED H&S PATTERN pattern is visible after a good down trend the volume pattern is also convincing as left shoulder has the highest volume and right has the lowest . there is 50 DEMA AT AROUND 1279 ONE CAN WAIT FOR atleast an hour candle to close above 50 DEMA
can be bought above 1281 if it is broken with good volumes , do not buy if volume pattern does not confirm price action
TARGET - 40-45 points.

disclaimer - this is my own analysis and i do not intend to induce anyone to buy or sell.

all the best

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