Reliance/NIFTY reclaimed the Covid line

Sep 27

• Watch the chart carefully M, W, D and H.
  
• On the last hours of Friday, at the end of the quarter, post expiry, RELIANCE reclaimed a lost September Line from the Covid lows.
  
• I'm long and will be adding to the longs on Reliance for Q4.
  
• If necessary to hedge, I will short equal size NIFTY, unless this line is breached under again.
  

Sep 30

Trade closed: stop reached

Actually, it is over for RELIANCE. for now anyway.

Oct 2

Note

Reliance got rejected from that line on Friday. But thats the line to watch.