Reliance: Analysis
Updated
Reliance industries have just taken support on the daily as well as on hourly support levels forming a head and shoulder pattern in the bottom, this might be the beginning of an uptrend in daily as well as on hourly time frame in addition to that their is a beginning of positive sentiment in the market.
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No trade is an assured trade calculate your RR ratio and then trade, bare losses that are affordable to you. The market is going to be their tomorrow important thing is whether you are going to be in it tomorrow or not.
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No trade is an assured trade calculate your RR ratio and then trade, bare losses that are affordable to you. The market is going to be their tomorrow important thing is whether you are going to be in it tomorrow or not.
Note
Inverted H&S Formation :Trade closed: stop reached
SL hit Market is voletile.Note
Entered in Reliance again.Note
About to hit a stop-loss saves by a few points.
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