Pattern_Study

Reliance - Downward Journey Starts

Short
NSE:RELIANCE   RELIANCE INDS
Finally Reliance cleared it's direction after three Dojis towards down side by breaking all three Doji lows of 1920 in intrady and RSI is now below 40 again.

It's all set to test recent low of 1835 on Tuesday itself and then next two are fibo Retracement levels of:
61.8% - 1795
50% - 1680

Excellent buying opportunity below 1680 once RSI starts the Support sign.

Comments

Wrong analysis. 2100 is coming soon
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