Ril
Educational Idea given on RIL candlestic chartsEducational idea given on Candlestick charts pattern on RIL Share. Candle charts are not generating any trading ideas but provide the high probability that the stock move is going as per given direction. Check on daily charts all the conditions are fulfilled when we see the Shooting star candle visible on RIL share will go step by step .
1) After uptrend Shooting star visibility means the probability of stock to move in downtrend now.
2) Keep the Stop Loss on the top wick or just above as shown in image.
3) Keep the target 1:2 at least or as per your reward to risk ratio.
4) Book the profit & exit trade. See the power of shooting star candle.
Already above idea given to our members and now sharing with you for educational purpose. in case any doubt please feel free to ask & start following will share more educational and profitable ideas with all of you.
RELIANCE 15 MINS chart with WIDE AND NARROW CPR...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 and earning!!!
Please click on the ANCHOR note in red and yellow box respectively to read the explanation.
Reliance Industries | Bad-NewsSome bad news is coming for RIL.
it's related to the 'theft of gas' in bay of bengal.
www.financialexpress.com
RELIANCE : WOLFE WAVE : NEXT IMP. LEVELAfter 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 into the channel again and according to Wolfe's Wave the Target for the Stock will be the upper Incline Line.
But there is a very very important level which can show a resistance to the STOCK which I have market in CHART with RED COLOUR.
