RELIANCE UPSIDE NOT QUANTIFIED, FALL JUSTIFIED

2020년 4월 22일

Technically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390

22/04/2020 Closing 1363 Spot. Little Upside Steam Still Left in Reliance upto 1385-1400 range.

Short at 1370-1400 Range with SL as 1440 for Huge Downside Targets

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