RELIANCE
if opens flat : short at 15min close below 1988 target 1974
reason:
daily Rsi at 57 which is a good resistance
Rsi bearish divergence in 1hr chart at overbought region shows lack of buying momentum
currently at trendline support. which is also the buying area of the last swing.
good volume selling near the close
opening is very important. If opens gap up ignore this trade completely. Look for long side above the marked level
This is purely my personal view on the script. Trade as per your Risk to Reward
Comment:
watch for a 5min close below our levels
Comment:
Hit my SL.
200ema which was just below my level gave support for a pullback. As i said the stock was looking weak technically that's why the rally was immediately sold into.
anyway, it closed below my level today.
Accept when you are wrong. That's why maintaining risk to reward and position sizing is always important.
I have to pay the price when I miss something.
200ema which was just below my level gave support for a pullback. As i said the stock was looking weak technically that's why the rally was immediately sold into.
anyway, it closed below my level today.
Accept when you are wrong. That's why maintaining risk to reward and position sizing is always important.
I have to pay the price when I miss something.