NSE:RELIANCE RELIANCE INDS
vs. Price Action:
Points to be focus on:
- Gap (run away type)
- Invalid (from the left to right is invalid because of low compare to previous candle)
- sequence of tails (sign of existence negativeness)
- Interruption began to push price upward.
confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.
Wave analysis theory (unconfirmed):
Parallel Channel and Project:
T1 -1375 to 1380