RELIANCE BEAR MOVE 15/3/2021
1. On daily time frame there is trendline breakdown while on 1Hr time frame we can see it clearly with some doji consolidation.
2.rectangle range breakdown along with the trendline breakdown are good points to stick at bearish side.
3.On 15/3/2021 for better down move the stock as to show some retesting so that shorters can short it at some upper value.
4. On 15/3/2021 stock may open gapup at level 2042 2043 levels and may reach up to 2053 approx.
5.Levels to note
A. Strong resistance 2055 market may reverse
so we should go with the trend to capture
max points.
B. targets T1=2121 T2=2114 - 2115 T3=2107-
2106
-SHIVAM MISHRA
MGB
2.rectangle range breakdown along with the trendline breakdown are good points to stick at bearish side.
3.On 15/3/2021 for better down move the stock as to show some retesting so that shorters can short it at some upper value.
4. On 15/3/2021 stock may open gapup at level 2042 2043 levels and may reach up to 2053 approx.
5.Levels to note
A. Strong resistance 2055 market may reverse
so we should go with the trend to capture
max points.
B. targets T1=2121 T2=2114 - 2115 T3=2107-
2106
-SHIVAM MISHRA
MGB
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