Reliance Industries - Wave Talks- Careful at 1600 Highs

Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

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Trading Strategy

Safe Traders
Sell below 1390 for 870

Risky Traders
Sell Close to 1600 for 870

--------------------Do not hold any positions if moves above 1600------------------------------------

Thanks for watching this video & your precious time.

Trade active:

22:48 Hrs / 8th June 2020

Last Price @ 1569 ( Adjusted Closing)

Note - Kindly don't become emotional with markets & only keep eye on the price levels.


Update for 9th June 2020

Risky Traders Next Trading Strategy-

Plan A
Sell below ---------------1550 levels strictly

Plan B
Short term buy for 1650-1675 levels tomorrow -------------touching the channel tops once done then look to sell holding strictly below channels
Important Note-
(In case it crosses channels on the upside you can hold your long or buy positions strictly taking care that it should not drop below channels afterwards or book in buy positions & out as it may drop later from the channel tops )

Trade active:

13:11 Hrs / 9th June 2020

Last Price @ 1548

Till Mid Session so far- Stock held above 1550 levels -earlier low was 1551- It just broken 1550 levels now which is suggesting to be careful.