RELIANCE Analysis
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Observations::
previous resistance is acts a support and the price is moved up...
a strong fall is noticed from the zone 2580-2570,
price broken this zone with strong momentum, and tested again..keep on buy side until this breaks.
if price is not able to move upside again from this zone will go for side...
A demand zone is observed at 2540 level...
if suddenly price falls.. this gives support.. look for buy on this zone...
previous resistance is acts a support and the price is moved up...
a strong fall is noticed from the zone 2580-2570,
price broken this zone with strong momentum, and tested again..keep on buy side until this breaks.
if price is not able to move upside again from this zone will go for side...
A demand zone is observed at 2540 level...
if suddenly price falls.. this gives support.. look for buy on this zone...
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if price breaks this demand and not able to go upside..will be on hort side upto bullish gap.Nota
price broken the resistance and retested...and moving upside...Nota
if you want to exit take the trendline help...but be on buy side...don't short immediately.Nota
End of bullishness...Keep exit or do hedge your positions.Nota
Near to its resistance...still no sign of bearishness.Nota
safe ones exit from long....Nota
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Also share your thoughts in the comments section.
Thanks for your Support **
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