Reliance Industries has formed a clean bearish engulfing candle today.
any upside possible will be close above todays candle only
Daily Kijun test is possible which is around 1520, since 20 dma is near by we might see some support.
todays move shows bearish setup on daily charts
any upside possible will be close above todays candle only
Daily Kijun test is possible which is around 1520, since 20 dma is near by we might see some support.
todays move shows bearish setup on daily charts
Comment:
looks likw1630 1640 coming..but 2 days green candle volume is very less.. looks like a trap upmove
Comment:
it was a trap..and 1520 achieved
Trade closed: target reached:
target reached