RELIANCE. Has set up a classic trap which would be remembered for Long Time. Price is just not showing the actual reality. The current leg on upside has not been supported by (TIME CYCLE). Exactly a month back we shared our bearish outlook here: and suggested Target of 2150 on downside. After that it went to 2180 and gave the bounce. So the Pattern is still incomplete. Going forward we still maintain bearish view on this stock for medium term. But with a slight change. Instead of 2150 we would revise our Target at 2060 on downside. Which co-insides with a channel support and 45° Angle in its Geometrical circle. Targets should be achieved in couple of months. Should not be in hurry to go there. For near term 2390-2410 is HARMONIC+VIBERATION support: which would be broken in Coming days. So watch out.
RELIANCE UPDATED View
Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
Published
gann,insides 