nirav5

Potential D leg of Harmonic setup in Relinfra

NSE:RELINFRA   RELIANCE INFRASTRU
1
We are in the D leg of a Harmonic setup in Relinfra .
This can be a bit risky trade as the channel support is at distance. So kindly pick 1.618 (533-535) as support zone for bullish move. If taken out it can travel to next fib level.
So wait for some reversal signal before initiating the trade.
Comment: Support taken in a gap down. Pattern seems invalid for now.