Educational 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...
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...
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...
