RELIANCE INDUSTRIES LTDAtualizado Relinace readying for a move?
All observations on chart.
Dotted arrow: Lows shifting higher in indecisive zone.
Strictly Enter when it breaks the Indecision zone.
My conviction & other observations says it will be on higher side of the zone.
Dotted arrow: Lows shifting higher in indecisive zone.
Strictly Enter when it breaks the Indecision zone.
My conviction & other observations says it will be on higher side of the zone.
Nota
If breaks on upside, should also sustain above 2085 which is large red body candle high.there other observations on daily charts, but it will be too much confusing for viewers.
Nota
Simpler terms, wait of either side move in weekly and keep sl at Upper/lower end of the zone
Nota
Sorry for the mess. please check daily observations below.Nota
Now as oer main idea, we got a closing above 1980 levels, closing above 2085 would have been much much better. Yesterday was a good enetry for partial quantity or even daily close above 1980.We got a closing above 8 weeks high also 😍
Overall we can say reliance is ready for bullish move. 😃
Nota
View failed Miserably, back in the no trade zone.Nota
1798 and 1835 very very important levels for Reliance
Aviso legal
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