Basically this is a 5mins trade and not a 15min trade. Took a trade on a red marubozu once it broke the mighty and covered the short at next pivot.
Small 5points gain every day in reliance only.
this is my view on nifty for next week.
below EMA 50 and the 8500 support that we have if it breaks 7100 is the target for me .
follow the chart for all the price action .
Like Share if you like my work , will continue doing this.
Follow us on telegram if yo want live chart details
t.me/thetagainers/
Series of tails , means are existed still. Volume with price fallen was existed by investors.
Next Support 775 and current support 885 nearby. I suppose to take target downward at 778 nearby shortly. if price fall below 884.
Careful for holding this stock below 884...
overall stock now in a bear grip , but looking at risk reward on trade side
a pullback can be expected
thus will trade in two way
if it comes at 1370/80 zone will short
or if comes at 1290/1300 will accumulate with stop mentioned
