Currently ,
RELIANCE
is taking support at the dynamic trendline. It has already been activated Harmonic Bat pattern with PRZ level 0.886 at 2204.
BUY : If It is continue falling then Buying opportunity will only happen when price holds at 2200 and makes confirmation candle or price has to hold above 2500 level with breakout candle.
SELL : Level of 2400 works as Selling Zone so further falling can see. you can get a short opportunity if any reversal happens at that price or if sustains above 2400 then 2500 again works as resistance so do accordingly.
NOTE : Buyers can wait up to 2200 or any reversal at resistance you can take short with strict SL with good Risk and rewards.
RELIANCE
is taking support at the dynamic trendline. It has already been activated Harmonic Bat pattern with PRZ level 0.886 at 2204. BUY : If It is continue falling then Buying opportunity will only happen when price holds at 2200 and makes confirmation candle or price has to hold above 2500 level with breakout candle.
SELL : Level of 2400 works as Selling Zone so further falling can see. you can get a short opportunity if any reversal happens at that price or if sustains above 2400 then 2500 again works as resistance so do accordingly.
NOTE : Buyers can wait up to 2200 or any reversal at resistance you can take short with strict SL with good Risk and rewards.
Trade active:
SELL on rise up to 2200.
