Reliance:
Fibo 1: Level 2 completion, we make expect a 50% downside movement if it has to move up or also move above the 2610 level (marked with red line) this is the previous 50% level from where it has to give a trend breakout, back testing and move up further.
Fibo 2: resistance at 0.236 level: 2590.7 again, matching with the Fibo 1 levels
Fibo 3: Level 1 as ATH & Level 0: Low after that (30 Sept) till now, we have come to 50% levels 2583.6 and daily closing candle is again below these levels,
overall signal looks in the downside.
Caution:
1. may take support at 50% levels to complete a short reversal around 2433 level to 2390 levels
2. the previous 2 Bearish engulfing on 21st & 25th October have been unsuccessful
Fibo 1: Level 2 completion, we make expect a 50% downside movement if it has to move up or also move above the 2610 level (marked with red line) this is the previous 50% level from where it has to give a trend breakout, back testing and move up further.
Fibo 2: resistance at 0.236 level: 2590.7 again, matching with the Fibo 1 levels
Fibo 3: Level 1 as ATH & Level 0: Low after that (30 Sept) till now, we have come to 50% levels 2583.6 and daily closing candle is again below these levels,
overall signal looks in the downside.
Caution:
1. may take support at 50% levels to complete a short reversal around 2433 level to 2390 levels
2. the previous 2 Bearish engulfing on 21st & 25th October have been unsuccessful
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.