saivas

Reliance is Strong Buy.

Long
NSE:RELIANCE   RELIANCE INDS
It has reversed taking the support of 200 EMA and retraced after 0.50% Fibo Retracement and holding the levels at 0.68% and formed Doji , Bullish Inverted Hammer and Red Bullish Hammer as Profit booking was done on Diwali. It’s a Strong Buy for at-least 2090 as 2100 levels will act as a resistance due to huge options selling. It’s unstoppable after 2100.

Comments

W pattern as well.
+1 Reply
RSI looks strong at 40.
+1 Reply
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