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Jay_shree

Dealing with 4-chart "extensively research" at Reliance price...

RELIANCE INDS (NSE:RELIANCE)  
Jay_shree  
NSE:RELIANCE   RELIANCE INDS
Parallel Channel Volume Wave Analysis RELIANCE-TIPS reliance-chart RELIANCE-TRADE reliance-trading reliancetradingtips reliance-research reliance-price-trade RELIANCE-RELIANCE reliancetrading
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77
parallelchannel volumestudies waveanalysis reliance-tips reliance-chart reliance-trade reliance-trading reliancetradingtips reliance-research reliance-price-trade reliance-reliance reliancetrading

Volume vs. Price Action:

Points to be focus on:
  • Gap (run away type)
  • Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
  • sequence of tails (sign of existence negativeness)
  • Interruption began to push price upward.
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target.


Fibonacci Retracement:
snapshot
confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.


Wave analysis theory (unconfirmed):
snapshot


Parallel Channel and Project:
snapshot
T1 -1375 to 1380

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