Stock took support from 21 day EMA but volume on daily chart is still below average. My EWT counts still valid till the time RIL is trading below 1978. If it breaks 1978 and close above 1950 then I will change view to bullish for 2180-2220, considering volume expansion. Yesterday's, last 2 hours have witnessed some good volume but I am still unsure about the quality of yesterday's price move. I will short RIL, if it comes to 1938-1948 with stop loss above 1978/1980.
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TrishulTrader
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