RELIANCE update

STOCK MARKETS 1 Minute

RELIANCE in my earlier post on 22nd,NOVEMBER I posted the importance of this stock and why it is significant for (NIFTY). We were looking for a breakdown conformation below 2525, which dint happened.
Hens the stock rallied holding 2525 on cash! Going forward, RELIANCE is approaching the (PRICE and TIME) Interception point. PRICE wise zone of 2750-2786 would be a squaring out area
To look out for
TIME wise we are in 30th week from the TOP of 2856 made on 29th,APRIL 2022.
More then that on daily scale the stock would complete multiple cycles from 08,march low and 29,april high on 1st 2nd and 5th of DECEMBER.
So would be very intresting!
If prices face rejection from above zone then we could witness a vertical move in the stock in Coming days. Need to observe this stock, how this behaves from Tomorrow!

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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!

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