Reliance has been respecting the downward sloping trend line . Ideally it should go towards 2290 to grab the liquidity over there & re-test the trend line again. if the re-test fails to break the trend line then we can see a sharp 100 point drop towards the next liquidity point. P.S: this view is negated if Reliance breaks the downward sloping trend line .
Long above 2600, SL 2588 Short below 2588, SL 2610 Please use the lines as resistance and support for your trades
NSE:RELIANCE Today, it went totally down to it's critical support zone 2075-2080. Good opportunity to short below 2070. Target are mentioned on the chart. Keep stop loss at 2088.
Sell with sl above 2110 for down side targets of 1700 zone.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
Reliance has finish its target and stop loss Hunting zone now trading below FIBONACCI level of 1.618 (trend reversal)