After a 5 wave move on the upside on an hourly chart , expecting a corrective wave ABC on the downside. sell below 1410 with a 20 point stoploss for a target of 1360. This is just my view...... trade according to your own risk management.
The announcement made by FM that incentive on coal based Gasification. Only RIL have this plant of coke based Gasification. RIL can use high quality coal into Gasification. Big News for RIL if materialized.
sanketsudan
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What if the corrective wave C terminated on 15 May 20? The kind of buying seen on 15 May suggests that.
stocksinboxx
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@sanketsudan, This is a conditional trade ..... Trade gets activated only if 15 may low is violated :)