#RELIANCE ABCD PATTERN

As suggested in my previous idea, below 2163, 2121 and 2073 is expected, and as soon as it broke the support it made low of 2091. Now, RELIANCE has formed a reversal pattern. The pattern will be valid and trade can be executed only if price holds above 2134 levels for target 2188, 2226, 2256 levels, else we could see 2173 and 2156.

Link below for the previous idea.


Regards

Kommentera:

As suggested, coudn't move above 2134, now downside opened for 2173/53/45/18

Trade stängt: målet nått:

All downside targets reached