It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
Retracement strategy, a must for traders.
1 week ago
Tuesday, November 10, 2009
Reliance - Day & Hour View.
If it makes another high in the hour charts, there are chances of -ve div developing. Or it may have to break the channel to resume downtrend.
It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
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2 comments:
Hello Sir,
As per the daily chart, it is likely to repeat the same pattern. Great observation sir.
Thanks for this.
Have a nice time.
Regards,
Abhishek
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