reliance is in high uptrend and running in all time high. it is usually very difficult for traders to trade in this type of situation. I am taking help of gann method and febonacci numbers to calculate the future price.
it can be seen that at the fibonacci levels price has shown its volatile actions and also at the gann lines. according to it reliance must not reverse before touching the median line at least. this is a weekly chart and decisions to be taken on candle close in a weekly chart.
Everything is mentioned in the chart.
it can be seen that at the fibonacci levels price has shown its volatile actions and also at the gann lines. according to it reliance must not reverse before touching the median line at least. this is a weekly chart and decisions to be taken on candle close in a weekly chart.
Everything is mentioned in the chart.
הערה:
reliance have strong support around 1995. long from there to target 2 with stop loss of 1968
הערה:
reliance is breaking weekly support at 2114.23
alert. only long above 2114.23
alert. only long above 2114.23
הערה:
long only above 2145 close basis on hourly chart.
happy trading
happy trading
הערה:
reliance given close above 2145.
keeping a stoploss at 2110 long for target 2 at 2227
keeping a stoploss at 2110 long for target 2 at 2227
הערה:
reliance all target hit.
hold.
hold.
הערה:
stoploss should be trailed to 2200 on weekly close