Anticipating before it happens is the feeling of nirvana to an analyst & one thing which really can trouble is ego- if you can control your ego-have patience & allow market to show you the way ahead- no one can stop you other than yourself.
In the last piece of analysis- it was suggested that reliance is running into wave-ii (which has broken into 3 pieces-"abc" where "wave-c" likely travels equal distance as "wave-a" -can get resistance close to 1100 & above 1100.
So, previous update- "Excitement to start above or close to 1100"
Click within the charts or nested charts & use amazing feature of TradingView -"load future bars-shown as an arrow on charts"

What Next?
Once we get a close or initial bounce above falling trendline from 1024 lows - one can look for trading that bounce with recent low as stop & target zone of 1045-1055 zone-later resistance could be seen in that zone so we come back again.
I always say confirm before trade -please do not jump just thinking that it will unfold as I said-there you come into the grip of ego- let market show you the way.
Reliance 2016 Diary- How we moved in 2016 & Where are we standing at present

Wish you all a happy Sunday!
In the last piece of analysis- it was suggested that reliance is running into wave-ii (which has broken into 3 pieces-"abc" where "wave-c" likely travels equal distance as "wave-a" -can get resistance close to 1100 & above 1100.
So, previous update- "Excitement to start above or close to 1100"
Click within the charts or nested charts & use amazing feature of TradingView -"load future bars-shown as an arrow on charts"

What Next?
Once we get a close or initial bounce above falling trendline from 1024 lows - one can look for trading that bounce with recent low as stop & target zone of 1045-1055 zone-later resistance could be seen in that zone so we come back again.
I always say confirm before trade -please do not jump just thinking that it will unfold as I said-there you come into the grip of ego- let market show you the way.
Reliance 2016 Diary- How we moved in 2016 & Where are we standing at present

Wish you all a happy Sunday!
İşlem aktif
11:22 Hrs 30th Jan2017Last price@1031
Crossed the trendline but all will be choppy upside -larger trend is downside going below 1010 & 996 later will confirm that it will see some downside pressure.
İşlem kapandı: hedefe ulaştı
22:10 Hrs 31st Jan2017Last price@1045
Target of 1054 done & out.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.