Reliance last few days after the gap up. is slowing down after a big rally.
last 9 candles on daily chart after the gap up, buy volumes are decreasing with sell bars increasing.
looks like it is weakening.
as long as it is above daily tenken san (light blue line), it might inch up but struggle . would be a good short if it again tests todays high with target 1530 1500
last 9 candles on daily chart after the gap up, buy volumes are decreasing with sell bars increasing.
looks like it is weakening.
as long as it is above daily tenken san (light blue line), it might inch up but struggle . would be a good short if it again tests todays high with target 1530 1500
Comment:
almsot at 1530. book profits. sell on rise again