Hi, Trading view family, Today seen an good price action trade on reliance, As we can see that after breaking a long trendine , A retest is made till the trendline , And when we make fibonacci retracement from recent lower low to lower high we can see that it retraces 61.8%,Along with recent beginning of Short Term Correction.Makes this setup a 7Star Setup .So great downside movement can be accepted with more than 1:2 ratio.
Date of Analysis:-27 November 2021
Date of Analysis:-27 November 2021
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.