Reliance
Date 11.08.2024
Reliance - For swing trade
Timeframe : Day chart
Remarks :
1 For long side, wait for price/candle to close above the mid-term trendline.
2 It is also important to see fibonacci levels. When price is above 50% or 61% & also above support trendline will be called stable bullish.
3 One can also apply 50,100 & 200 ema on day chart. And use fibonacci & ema crossover for both bullish & bearish signal to enter either side trade.
4 The mid-term support trendline will also act as resistance until n unless price is making higher highs but is closing below or trading below it.
Regards,
Ankur
Reliance - For swing trade
Timeframe : Day chart
Remarks :
1 For long side, wait for price/candle to close above the mid-term trendline.
2 It is also important to see fibonacci levels. When price is above 50% or 61% & also above support trendline will be called stable bullish.
3 One can also apply 50,100 & 200 ema on day chart. And use fibonacci & ema crossover for both bullish & bearish signal to enter either side trade.
4 The mid-term support trendline will also act as resistance until n unless price is making higher highs but is closing below or trading below it.
Regards,
Ankur
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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.
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.