Stock is near to BO zone post downward move with massive volume buildup on daily chart, follow chart for proper support and resistance levels.
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Minor trend-line R 9491 - 9509 The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound. There is no overparticular resistance 9500+. ---------------------------------------------------------- 339p GAP This is " Common Gap " price is not going to break support line. Previous minor resistance at 9405....
Technically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390 22/04/2020 Closing 1363 Spot. Little...