SELL #RELIANCE below 2145 & Sell more below 2000!
T1-2000, T2-1798, T3-1622
SL-2370
I hope i am wrong!🤞
#Stockstowatch
1) This run-up is over extended, either recent high needs to further break on upside soon, else all the move will do a good retracement!
(1/n)
2) Trendline support on Daily chart touched, tested, not sustained & broken downside!
(2/n)
3) If on this chart, 2175, 2140 & 2000 do not holds, then get ready for a free fall anytime soon!
(3/n)
4) Negative RSI Divergence: Stock making a Higher High (HH) & its RSI making a Lower High (LH) on Daily Timeframe!
(4/n)
5) MACD Histograms on Weekly Chart curving downwards with MACD about to indicate SELL (just needs some more confirmation)!
(5/n)
6) Just an Assertion:
Four (4) Dates when volumes were maximum till date:
a) 22.04.2020 & 24.04.2020 when Ambani family bought the maximum stake!
b) 15.07.2020 & 10.09.2020 when Ambani family sold out that very stake (need NSE/BSE data forconfirmation)!
(6/n)
7) Last but not the least,
"Bank FD se zyada return to reliance mein hai, chalo isko hi le lete hain.." 😂😂
(7/n)
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