Palanthi Chavi in Reliance and Tata Motors
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Palanthi Chavi applied in Reliance & Tata Motors
Reliance CMP 1279 SL 1243 (yesterdays low)
Tata Motors CMP 794.75 SL 759 (yesterday's Low)
Palanthi - Todays low = Previous Close. Basically a profit booking chavi by Kanti kaka. but as per my studies its a strong Reversal situation.
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Those you want to understand the Bottom Palanthi Pattern, here it is:
