Please find demand and supply zones in the chart Plan A: If NF will sustain above 12200 then I may short 12100 or 12150 Put or may long Future for the target of next supply zones. Plan B: If NF will sustain below 12200 then I will wait for 12150 or 12100 level. If it will come to these levels and sustain above this then I will take long position. Plan C: Avoid Short
POSITIVE CHART STRUCTURE
FURTHER BREAKDOWN OF RELIANCE MAY BRING OUT TO THE LEVELS OF 1468-1454. PLEASE SEE MY ATTACHED CHART
Monthly chart Resistance acting as support RSI Divergence Short term double bottom first bottom: July 2019 and Second: December
Just showcasing this for future reference. Remember yesterday's idea of strangling based on See how it is still following price action. Amazing.
@support now based on hourly chart..lets see bounce back
Tomorrow will do wonders....expecting
IN HOURLY CHART IT HAS FORMED WXY PATTERN WHERE Y WILL BE EQUAL TO X LETS SEE