RELIANCE INDUSTRIES LOOKING GOOD FOR SHORT SELLING

Reliance can be a perfect sell for tomorrow and also for doing swing trade as the stock price pattern suggest many bearish formations visible on the following time frames:

Candlestick formation on daily time horizon resembles bearish engulfing pattern.

Here is the snapshot:

1.DAILY CHART PRICE PATTERN FORMS AB=CD PATTERN:

2.BEARISH BUTTERFLY FORMATION ON HOURLY CHARTS:

3.ELLIOT WAVE THEORY SUGGESTS THAT THE PRICE IS IN ITS FOURTH CORRECTIVE WAVE:

One thought on “RELIANCE INDUSTRIES LOOKING GOOD FOR SHORT SELLING

  • July 17, 2018 at 12:25 am
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    GREAT ANALYSIS

    Reply

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