Target reached..expected a pause..it paused..some indication were in place ,suggested that it can be a real top.pressure on selling side stsrted to show -up...one must remember that only lack of buying can cause crashes..higher selling volume, not needed.
lower top -lower bottom formation on daily charts in some stocks, visible.
two bearish structures on daily and weekly charts were seen.
now i will wait for WEAKER CORRECTIVE RISE..from supports..in coming days..
my system will give buy calls on daily charts and will fail.this will be the most important confirmation for me, to have a top in place.
i can visualise a top hns on indices..if that happens,we will set lower tgts.
a few days rally will have tobe closely monitored. all signs of a major top are there.some bad news coming either from or for reliance group as a whole ??..a close above 5053..is tobe watched.
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