Reliance support coming soon; Planning to LONG

Apr 20, 2021

Market ki saari ummedein "Mota Bhai" per tiki hui hain. Ab Nifty ko yahi bacha sakte hain.

Daily timeframe support coming soon
I'll go long at "one green candle (of course with full body)" once it tests support line on daily timeframe.

SL and Target will decide afterwards.

Apr 23, 2021

Note

Reliance Q4 Results are likely to be announced on 28 April.
We may see huge short covering on 27 or 28 April.
Always remember, whenever there are more longs before the results, long unwinding will take place before results. Similarly, if there are more shorts before the results, then probably SHORT COVERING will happen before/on the day of Results (here, Reliance has huge shorts, which I think will be covered on/before the results)

Apr 27, 2021

Note

New entry will not be taken until it tests its support level.

Nov 23, 2023

Note

I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.