AS PER THE PREVIOUS VIEW ON RELIANCE (CHECK MY PREVIOUS POST )WE HAVE REACHED THE PRICE LEVEL OF 1535 BEING 8 SESSIONS TRADING UP 2 DOWN CONFIRMS BEAR ARE RULING NOW RELIANCE FACES STRONG RESISTANCE NEAR 1576-1565 LEVELS SHORT RELIANCE AT AROUND 1545-1555 TARGET 1. 1520 , 2. 1499 SL 1585 SENARIO 1. A-B 2. A-C-D-E 3.A-C-D-F-G 2- 3 TRADING SESSIONS
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2 nd scenario is building
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Trade closed: target reached
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the price moved as per scenario 2 both targets were reached on opening SHORT IN ALL THE SCENARIOS RELIANCE GOING DOWN...! it has to come to that price level great trade . happy trading . keep supporting guys