Reliance - Ending Diagonal Finish (Sell Below 2100)

Updated
Safe Traders
Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980
Target-
1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets
broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020


Risky Trader
They can sell if stock holds below 2100 or as close as possible to 2100

No Trading
If stock crosses above 2100 – we will avoid taking sell or short trades.
Trade active
snapshot
Trade active
07:15 Hrs / 23rd Feb2021

Selling on rise shall be the strategy for next few sessions once it stops in 2050-2065 zone which can act as resistance zone for targets 1980/1925
Trade active
09:54 Hrs / 23rd Feb2021

Last @ 2024

Falls Again from the Day High @ 2050 & took support at 2013
Trade closed: target reached
07:45 Hrs / 26th Feb2021

Last Price @ 2144

Target 1995 reached post falling from 2100 highs.

Good Morning All, Do always check the video in complete never miss or skip & you would know its importance such as

timeline -7:35 of the current video has explained the strategy & It is fairy possible that we have got the top again at 2152 which was the high @ 25th Feb2021

Don't miss upcoming Sunday (28th Feb2021) video post 11 am - Glitch or Game- Catching the Tops
Note
11:33 Hrs / 26th Feb2021

Last @ 2085

Reliance Nice Top at 2152-Current Support @ 2072 (Last-2087) Book Profits Intraday & Wait for upside push to 2115/ 2135-2140 to sell if stock holds below 2140
Nifty cracks 425 points Bank Nifty cracks 1525 points & Sensex down by 1500 points
or Selling later on the tops again or below 2070

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Don't Miss to Watch Next Sunday Video- " Glitch or Game - Catching The Tops @ 2152
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Thanks & Happy Weekend
Note
15:00 Hrs / 26th Feb2021

Last Price - 2102

Reliance Update- Wow It bounces to 2112.80 close to 2115 - Selling starts!!!
Note
15:20 Hrs / 26th Feb2021

Last @ 2080

Reliance - Had quick fall from 2110+ to 2070's - Markets are about to close else Risky traders could get one swing again as 2070 is most important level for the day
Note
15:46 Hrs / 26th Feb2021

Last Price @ 2085 ( Adjusted closing)

Reliance Stock Update

Indeed we were fortunate to catch the tops again in 2140-2165 zone as suggested on 25th Feb2021.

Summary for Today’s trading
1st Sell 2152 to 2072
2nd Buy 2080 to 2115 (Actual – 2112/2113)
3rd Sell Again close from 2115 to 2070
4th Buy from 2070-Market closed

Thank & Bye
Chart PatternscorrectionelliottwaveretracementEnding DiagonalmercurygoesdirectRising WedgeTrend AnalysisWave Analysis

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

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

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