Update: Bullish AB=CD pattern in Reliance 20th Aug 09

Update at 9:10 PM:

Reliance Chart - Hourly:

Reliance didn't trigger long today as it didn't reach 1929. If it breaks 1929 with filter tomorrow then long trade would trigger. Will update when trade triggers. Above is the updated Hourly chart of Reliance.

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Reliance Intraday Chart - 5 mins:

Long would trigger for Reliance Bullish AB=CD pattern at 1929 level. Nifty is consolidating in sideways direction so as reliance. Watch out for breakout from the consolidation to enter the long trade.