Reliance- After yesterday's fall do we need to panic and sell?
Analysis:
After breaking the triangle structure downside, we still have possibility on bullish side. Support around 1777/50 which can end the corrective structure and the 5th wave can start for target 1800 and 1844 levels. Being on sell side is still risky.
Thanking you,
Kalpana Burman
Disclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
After breaking the triangle structure downside, we still have possibility on bullish side. Support around 1777/50 which can end the corrective structure and the 5th wave can start for target 1800 and 1844 levels. Being on sell side is still risky.
Thanking you,
Kalpana Burman
Disclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.