In this Reliance 15mins chart we can find wide and narrow CPR both back to back... Please follow the CPR method for Intraday trades. Stop Loss will be affordable and sizable with a bigger reward. Please back test wide and narrow CPR in your favourite charts and write back to me on this topic . NEXT is Virgin CPR which is the most important topic!!! Keep learning...
Reliance trend is now defined by breakout or breakdown of these zones
Last week shared reliance idea which moved as expected , now it has fallen much and after forming a double top has broken the line with good selling , one can go short on pullback to 1300- 1320 levels . Might expect to test the weekly bullish trendline which is at 1200 levels.
For Educational Purpose Only Trade at your own risk
in.tradingview.com THIS IS NOT A SIGNAL. DO YOUR OWN RESEARCH BEFORE TAKING A TRADE
POSITION SIZING: 100 QTY FOR EVERY 100K CAPITAL TOOK POSITION @ 1203.60 START OF MARK UP STAGE OUTSIDE OF TRADING RANGE
Probable range for this week
mentioned in the chart and can discuss on twitter
Some bad news is coming for RIL. it's related to the 'theft of gas' in bay of bengal. www.financialexpress.com
After continuous 3 downside impulsive waves now the RELIANCE chart has made a Wolfe's Wave with a beautiful breakdown of bottom line. Furthermore, according to Price Action, RELIANCE has form a good reversal pattern by making a HIGHER LOW and gave a good closing near previous SWING HIGH. And if the STOCK now moves above its previous HIGH then it will enter...
i will look for long side and will definitely try to go long and instead of shorts ,for this month ....
Reliance first major Flag after accumulation. A breakout is a good positional LONG trade
levels mentioned in charts .. use brain ..
by just analysing the structure of market on hourly frame it seems that the downtrend may not resume unless and untill nifty holds 11014 on closing basis ! we can then see further gaps getting filled due to it ! lets just keep a track at levels closely!
Perfect Long from 4th July 2018 (1. No Retracement) Perfect Reversal (Last Retracement) seen at 10:30 am today. (2. Single Level Retracement) Perfect Normal Sequence of color fading seen @ this last Retracment (3. Multiple Level Retracement) See how good it looks in 5 min time frame. Thankyou "Retracement and Reversal" for not predicting the outcome of meeting today.