RELIANCE mostly have SQUARED out its PRICE with TIME. In our earlier review on 30th,NOVEMBER we discussed the zone of 2750-2786 as possible SQUARING OUT area. TIME wise we were closely watching Dates of 1st 2nd and 5th,DECEMBER. That is where multiple CYCLES got completed. And just around that, RELIANCE made high of 2755 which was within projected PRICE zone. We also got anticipated reversal and it has been a decent decline from highs within few days. Going forward RELIANCE may consolidate here before next move on downside. The next move would trigger below 2550-2570, on cash for PATTERN targets of 2495 and 2435, watch out!
RELIANCE UPDATE
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
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