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DhirajSinghBais
Aug 4, 2023 11:08 AM

Big Boy Reliance Industries : +9% upside potential Long

RELIANCE INDSNSE

Description

Chart is showing strength, keep an eye on the stock for two weeks

Levels & Logic mentioned on the chart

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Comments
aadhiusha
What is the logic ? Unable understand can you elaborate?I can understand entry and exit with stops. What about the logic why it should move upward ? It has clear head and shoulder patterns in one hour
Parabolic-Trader
what is the logic ? this seems in a parallel channel
ak30tp
aadhiusha
Plz I have shorted based on one hour need guidence. Already in loss of 80k. But thought to wait for 2520-2522 resistance (neck line)
aadhiusha
@DhirajSinghBais Awaiting for your reply.
hari400
DhirajSinghBais
@aadhiusha, Hi Aadhiusha, my logic for the above chart is very simple, as simple is always powerful, if you see the chart you will find so many gaps and to be specific stock is trading above 10th jul gap and we saw a confusion in market somewhere close to that level, now the stock showed some strength, so if this continues, we can see higher levels in coming days.....regards dB
vipinshree613
Today call by 2560 reliance pls suggest
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