I am a beginner trying to understand some basics of technical chart, though RIL is at life time high , it has formed a head and shoulder pattern on daily chart, it is not that perfect . RIL is near at retracement , further weakness in market may trigger profit booking for retail traders which may make stock to down at 1st support at 1605 and 2nd support at 1492. Although all indicators are bullish but long would be better at support levels. These are my views, please let me know for mistakes because as i said before i am trying to learn and there is no better book to read in market than trader's mind. please suggest me .
Dont take trade on these ideas because these are just ideas not recommendation.
Dont take trade on these ideas because these are just ideas not recommendation.