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yogi_sharma_elliottician
Feb 19, 2021 8:38 AM

#reliance -well played, now let bears enjoy the game 

RELIANCE INDSNSE

Description

Reliance we had captured many points on all side- bullish, bearish and range.
All links to the previous idea below. Watch all the ideas and see all the sides we captured some moves.
Price action is the kind. We don't need patterns, trendlines, indicators, moving average, or volume. Use it just as a support. I do the same and see the results.

Now if sustains below 2083 will push further down towards 2020/1945/1868.
I am expecting further down till 1750/1600/1450 as well, but for now above targets are suffice.

Regards

Trade active


trailing the SL to recent high.
Comments
scalperz007
sir check out 1 day chart ...there is a good resistance zone..I posted this analysis in my idea ..plzz checkout!
yogi_sharma_elliottician
mukulks
If the SC doesn't stay Delhi HC division bench order in Amazon - Future Retail case, Reliance may touch even 2200 level. And if O2C proposed business deal with Aramco is back on track, 2300 will easily come.
yogi_sharma_elliottician
@mukulks, okay!
parmeshgarg82
Reliance ind. Ltd. Will not touch 1800 level It will only touch minimum level 1851 worst to worst.
yogi_sharma_elliottician
@parmeshgarg82, let's hope for the best
BharadwajBharaata
1450 MEANS A SPECTACULAR CRASH. Why that should happen unless there is a new COVID strain which is as intelligent as a Human.
yogi_sharma_elliottician
@BharadwajBharaata, I don't know what fundamental/news will pop up, but technically there should be a good correction.
Rahulwadhwani09
@yogi_sharma_elliottician, i also agree with your assessment...if this goes down, then last move was wave 2 which will get confirmed...then we are open to see the targets you mentioned,
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