DSSL BO with huge volume with support/demand zone found on the magical Parallel channel. Stock is finding good support in the zone of 250-260, rest we can plan the trade as levels mentioned on the chart
Case Study 1 - Reliance Industries -
Long Term Magical Parallel Channel : we can clearly see the price has respected the parallel channel in a magical way,...
A bullish butterfly harmonic pattern. Checked with Fibo as well.
Currently closing price is sitting over a very strong Support of 6th Oct 2016 which it tries to break 5 times.
A trend line is closing over support.
I suppose in a day or two a BO will happen as suggested by harmonic pattern.
