Gartley 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.
Last 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...
STBT IN RELIANCE
NOTE:THE STOCK IS IN AN UPTREND
AS A TRADER JUST TRYING TO CATCH THE PROFIT BOOKING
TRADE.
DAILY CHART DOJI IS SEEN
NOW SEEN RESISTANCE AT HOURLY CHART
FUTURES TRADE
SHORT@1222
STOP@1232
TARGET@1207
LOT:1000
QTY:1
