As Nifty is forming head and shoulder pattern like I showed in my earlier posts, other stocks are forming bearish patterns as well. Going to play reliance as soon as it breaks out of this triangle.
As this post is merely for educational purpose, let the stock remain anonymous for the time being. The analysis would not only be applicable to long term charts but also to smaller time frames.
I have found two important phases of Panic Sell-off in a bear market. One in the beginning and one in the end. The former phase is good for sellers and the latter is good ...
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