# When on Hourly Chart price is closing below 982.65 (Fib Ext - 0.5% Level) then Enter.
# This will come down till 953.75 (Fib Ext 2.11% Level) which is coinciding with 200EMA
# RSI is below 60 and making Lower Highs which also indicating Downtrend
# As per Demand and Supply Zone methodology, Price is at High On Curve
1st Support 16247 and if Nifty will break then next Support will be 16107
16107 level is very Important if this also break then will come down till 16972 but from this level Nifty will bounce back definitely.
BN will come down till 34585 level and then it will bounce back.
There is a good support at 34743 and Fib. Ext. is 2.618 is coinciding with the same.
Fib. Ret. on hourly chart - 0.236 level is a very good support.
On Hourly Chart when Candle will close above 212.5 then will get confirmation after that wait to get Entry at 212.50,
First Target 215.50
2nd Target 219.55 ( But there is strong Resistance - when candle close above 217.15)
3rd Target 221.25
SL = 209.50
Fibonacci 0.618 Level as per Drawing is very nice Support and another Support is also at Same Level hence Reliance will Go UP
But if Reliance Hourly Candle Closes below 2150.25 then it will Go Down till 2081