NSE:RELIANCE   RELIANCE INDS
1. Please go to one minute chart and check that yesterday's candle of 1:35 p.m. showed slight recovery and low of it has not been broken yet. Speaks of recovery from here.


2. Buy only when price remains above this candle or retraces back above this candle.

3. Marked are two white rectangles, these rectangles are very crucial.

4. Today there is no special candle in the Indian Market which will dictate the trend, Means previous candles pose resistances. Buy only gradually when high of these candles is broken.

Timings of three previous candles which acted as resistance are: 10-23-23 2:42 PM, 10-18-23 10:39 AM, 10-15-23 11:46 AM and of course yesterday's candle of 1:35 p.m. Future candles dictating the trend for Indian Markets are 10-29-23 12:28 PM and 11-1-23 11:22 AM

Price Levels are
Yesterday's Low 2220.3
Sell Below 2196.80 2173.42 2150.18 2127.05
Buy Above 2226.19 2232.09 2243.92 2267.67 2291.54 2315.54

Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses




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