RELIANCE | Small swing opportunity - RSI making Lower high Long

RELIANCE INDSNSE

Description

⋅ Dec 16, 2020 2:49 PM

RELIANCE | Small swing opportunity - RSI making Lower high - Shall we can consider it as hidden divergence.

CMP : 1976
SL : 1940
Target : 2120

Simple 1:3 risk reward setup

Trade closed: stop reached

⋅ Jan 16, 2021 7:53 AM

Trade closed: target reached

⋅ Jan 22, 2021 1:58 PM

Hit and run :D

Comments

Kotha_Rao

⋅ Dec 17, 2020 4:16 AM

RSI making Lower high ? isn't it higher High ?

srikartiram

⋅ Dec 17, 2020 6:37 AM

@Kotha_Rao, Oh i'm sorry, i'm weak in some explanation. I thouhgt it is just firs high but still below the previous Swing high (14th Oct) hence i mentioned like that. Will correct if it is wrong.

Kotha_Rao

⋅ Dec 17, 2020 6:41 AM

@srikartiram, you have drawn trendline from 10-NOV. so, 9-Dec is higher than 10-Nov

ReviveTraders

⋅ Dec 17, 2020 3:37 AM

should we wait for the breakout ??

srikartiram

⋅ Dec 17, 2020 4:06 AM

@tradethetip, No, we can take here. Its less risk , breakout is risky when it comes to risk reward

ReviveTraders

⋅ Dec 17, 2020 4:07 AM

@srikartiram, yup now in profit ...happy trading

trader_karthik

⋅ Dec 16, 2020 3:55 PM

Nice Chart setup, thanks for sharing.