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GeniusTradingAcademy
Nov 15, 2020 2:30 PM

Reliance is Strong Buy. Long

RELIANCE INDSNSE

Description

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
GeniusTradingAcademy
W pattern as well.
GeniusTradingAcademy
RSI looks strong at 40.
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