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reliefrally

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IBulHsg: Expecting Relief Rally
IBULHSGFIN, 1D
Long
IBULHSGFIN: IBulHsg: Expecting Relief Rally
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Stock has been in a strong one way downtrend. Currently near a support zone of 1125-1130. This zone is quite important. There is 1:1 harmonic completion in this zone. Also 38.2% retracement of its bull move from 600 to 1450 falls in this zone. I am not expecting complete reversal, due to enormous strength in the current downmove, but a relief rally that could...

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