Buy on dip

Apr 13, 2020

One can look for buying on dip in this scrip as its about to start its new impulse leg up for higher high towards 1500+

do not short this down leg as its high volatile stock , You can look for strong reversal on smaller time frame or on 2 Hour charting method ,

either one you would like to trade , but just remember you have to buy only with reversal sing

its positional trade

Apr 17, 2020

Note

Expect by Tuesday on next week the correction is likely to complete

i am now looking the development of price action i am most certain it will bounce form 1080 range making it an contracting flat in the middle of the trend ,

its very interesting to know that only this scrip has very high frequent formation of contracting flat on both the side during down trend and during up trend in all time frame we can see ,

Reliance industries scrip is know for unpredictable scrip in the stock market
but with reasonable degree of accuracy we can identify the moves and trade it based on formation of pattern

Good luck

Apr 22, 2020

Note

this is the common issue with this scrip , it wont give a pull back , and just start jumping , Again it cheated me ,

Now at this junction i will not suggest anyone to buy or sell , because you need some time to let it cool down ,