Purple trendline is acting as a very strong resistance
from here, we can draw out two possible situations
1) Reliance opening below 2011 and going straight down from there
2) Reliance opening somewhere inbetween 2060-2011, and going up and down
and forming a descending triangle only to go down in the end
from here, we can draw out two possible situations
1) Reliance opening below 2011 and going straight down from there
2) Reliance opening somewhere inbetween 2060-2011, and going up and down
and forming a descending triangle only to go down in the end
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.