✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
Chart Type: Bullish flag type consolidation (a good one ) | Taking good support from the white supportive trendline too | A break and close on Day chart + Risk management = trade activation :)...
🔰 MY thought process :
⭐A good swing trade is possible :)
⭐Pattern: U can call it anything u like, what's happening is a good move than a consolation in a zone, a breakout from this zone = again some impulsive directional move :)
⭐RR as per your RR management and trade only if pharma and nifty are bullish as this stock seems to be a little volatile past session...
🔰 Hello my friends, here is the story I see behind this stock:
⭐Here are all the patterns Reliance showed after the covid rally :)
⭐U can see your possible entries too in them :) and also can analyze when u shouldn't have traded it ( coz of no trading zones or bizarre pattern making )
⭐I would say the risk is too high after today's candle so no entry now in RIL...
🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: On 0.3 healthy retracement
⭐Pattern: Flag and pole :)
⭐Volumes: Are ok if u see a jump in volume in 1hr that's a bonus
⭐Hold if it closes above the pink line on the D chart that would be a huge breakout :)
⭐Closing above 160 will give huge upside, the pattern will be updated with lvls then...
Take the trade on 1hr as the same day trend line is maintained on 1hr too , u can go for other timeframes too if comfy with the risk ... i would say a good 20 to 30% UPSIDE IS POSSIBLE if broken for upside ..... if broken for downside = don't take the trade wait for the price to tell what to do next :)
Happy trading :)
