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Time to watch Reliance Closely
RELIANCE INDUSTRIES LTD
Short
Time to watch Reliance Closely
By xTako
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Updated
Sep 30
7
Sep 24
In Apr 2020, at the covid lows, Reliance/NIFTY exceeded a level.
That level repeatedly held. It is now on the verge of breaking down.
This really means something. I'm not informed enough to know what exactly this means.
I'm hoping to connect the dots, in a few weeks at least.
Sep 27
Order cancelled
The line reclaimed. I bought bags of Reliance for the Oct expiry.
Hope you understood.
Sep 30
Trade active
Actually, this was an continues to be a valid signal.
REL down 3%+ today.
Supply and Demand
Support and Resistance
xTako
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