AbhishekHSinghCMT

Reliance - Done with the Bounce to 1054 -What Next?

AbhishekHSinghCMT Updated   
NSE:RELIANCE   RELIANCE INDS
10
As expected the bounce to 1045-1055 zone is done at recent high@1054.

Likely moving above 1050 -it can go in the zone 1055-1060 zone, which shall be the last leg upside & a fall could be expected if it sustains down below 1050 again post a new high in coming sessions.


Bulls Eye Hit@1097- Bounce Back also done at 1055

Excitement to start above or close to 1100- Turned from 1097

Reliance Diary 2016- How it moved
Trade active: 18:02 Hrs 6th Feb2017

Last Price@1040

Waiting for a move above 1050 -there is a small flag & we will trade once it moves above 1050 & sustains.


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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