Reliance - Short Trade
Short Term Trade
It's always good to notice the emotional gap moves in trade and they are usually filled in a short period of time.
And times it doesn't, so momentum is important.
If Reliance doesn't scale above today's high 4/23 - 1367 and takes out day's low at 1353 then it will be a good trade to fill the gap till 1252
So a position can be taken based on tomorrow's action.
It's always good to notice the emotional gap moves in trade and they are usually filled in a short period of time.
And times it doesn't, so momentum is important.
If Reliance doesn't scale above today's high 4/23 - 1367 and takes out day's low at 1353 then it will be a good trade to fill the gap till 1252
So a position can be taken based on tomorrow's action.
Order cancelled
Previous day high was breached. view negated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.