RelianceGartley Harmonic Pattern has activated in Reliance in 2H timeframe.
Potential Reversal Zone according to the said structure appears in the zone of 2366-90.
Let's see.
Shortreliance
Short RELIANCE INDSLast 10-15 days(25 Dec - 6 Jan) it is trying to break down through its support line and now below the support line(Support line from 20 Nov - 24 Dec Approx) . If it breaks Fibonacci Retracement uptrend line , which it is about to and is very close to it . It can break up to 1500-->1450-->1400-->1350 . Also the MA 50 is about to cross above 9 MA which supports the short factor.
