Reliance after getting huge foreign investments also failed to break high of 1620, and still is trading below the long term bullish trend as you an ins the chart trading below diagonal line, this shows the bearishness of Reliance. Once can short reliance as per the targets mentioned in the charts . Longs only above All time high of 1620.
chart has formed head and shoulder pattern ,, lets see how it plays out ! though its forking today price is falling something ir not Right !!
As of now BTC tested 11600 support successfully twice and now it headed to test resistance at 14400 short term , if it fails to cross 14400 region there will be a huge panic selloff possible which might take price to previous LOW 10700 (bottom 1) or even lower 10.8k-8.3k were massive support if found , where we can expect huge buy and volume that will confirm...
At C buy whatever u got ,, i think this will be one last chance to buy in 4 digits ,we may never see this price again .....
this was my previous idea i think this correction gonna end with 12345 steps . this is just an idea not trade guide , i am a starter t TA feel free to correct me .
Though we had a nice pull back from our previous low 11.1k , it was successful breaking first resistance at 14.4k then bulls ran out of stem and tried 3times to push above 15k all attempts failed and bears took over the market. Now final leg of correction is expected ABC wave which will end up in 9.5k region and will show an explosive comeback , i think this would...
if it fails to hold above 12.8k -13k support (60 min ) may be we will see btc falling to 10k or 8k region were we have massive support on 1440 min time frame