CUP AND HANDLE FOR RELIANCE ?OR DOWN AGAIN.CONDITIONAL BUYORSELL
AS PER WE DISCUSSED RELIANCE MOVED AS PER SCENARIO 2 (A-C-D-E) .
(FOR DETAILS CHECK MY PREVIOUS POST ON RELIANCE)
NOW THIS ANALYSIS IS FOR NEXT FEW TRADING SESSIONS( NEXT 1.5 WEEKS )
MONDAYS LEVELS ARE CRUCIAL FOR RELIANCE IF IT CLOSES ABOVE 1610 CUP AND HANDLE PATTERN WILL CONTINUE
IN THAT CASE WE HAVE CONDITIONAL BUY ABOVE 1610 FOR TARGETS OF 1640, 1655.
NO TRADE ZONE IN BETWEEN 1580 TO 1605 LEVELS
IF THE PRICE ANYTIME CLOSES BELOW 1550 WE LL SHORT RELIANCE ONLY BELOW 1548 FOR THE TARGETS 0F 1526, 1505.
DRAWING ANALYSIS :
PRICE HAS A UPWARD RESISTANCE AS PER PITCHFORK A .382 , IN CASE OF CUP AND HANDLE PATTERN ,PRICE MAY TOUCH AT LEAST
.621 ie. 1655 levels .
IN THE CASE OF DOWNFALL IT WILL TRY TO TOUCH THE LEVELS OF PITCHFORB .621 AT LEAST ie. 1504 levels.
kindly maintain the levels disussed above ,
HAPPY TRADING .
AND THANKS FOR ALL THE SUPPORT YOU ARE SHOWING. IT MEANS A LOT TO ME . IT MOTIVATES ME to WORK HARD SO KEEP SHARING THE KNOWLEDGE and do comment your opinion ,views below !
(FOR DETAILS CHECK MY PREVIOUS POST ON RELIANCE)
NOW THIS ANALYSIS IS FOR NEXT FEW TRADING SESSIONS( NEXT 1.5 WEEKS )
MONDAYS LEVELS ARE CRUCIAL FOR RELIANCE IF IT CLOSES ABOVE 1610 CUP AND HANDLE PATTERN WILL CONTINUE
IN THAT CASE WE HAVE CONDITIONAL BUY ABOVE 1610 FOR TARGETS OF 1640, 1655.
NO TRADE ZONE IN BETWEEN 1580 TO 1605 LEVELS
IF THE PRICE ANYTIME CLOSES BELOW 1550 WE LL SHORT RELIANCE ONLY BELOW 1548 FOR THE TARGETS 0F 1526, 1505.
DRAWING ANALYSIS :
PRICE HAS A UPWARD RESISTANCE AS PER PITCHFORK A .382 , IN CASE OF CUP AND HANDLE PATTERN ,PRICE MAY TOUCH AT LEAST
.621 ie. 1655 levels .
IN THE CASE OF DOWNFALL IT WILL TRY TO TOUCH THE LEVELS OF PITCHFORB .621 AT LEAST ie. 1504 levels.
kindly maintain the levels disussed above ,
HAPPY TRADING .
AND THANKS FOR ALL THE SUPPORT YOU ARE SHOWING. IT MEANS A LOT TO ME . IT MOTIVATES ME to WORK HARD SO KEEP SHARING THE KNOWLEDGE and do comment your opinion ,views below !
Trade closed: target reached:
upper most target reached
Trade closed: target reached
NOW FOLLOW ALL THE LEVELS SELL BELOW 1550 ONLY AND BUY ABOVE 1620 ONLY