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Relianceindustries

RESULT OF LAST WEEK ANALYSIS OF VARIOUS SCRIPS PART -1Hi traders/Investors , Last week I shared few scrips movements and now compare them with this week move . Whether this amateur and non professional analyst can make people earn money or not . This is the statement of only one of my respected trollers who himself is not able to publish a single idea on platform but very eager to satisfy his ego writing these words. So being a "amateurs and non -professional" analyst I try to compare the accuracy with so called highly professionals. Though at one point he accepts my analysis make money but with above mentioned words. Reliance Industries In my first post and second I mentioned is quoting for your consideration" if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days.( first post statement). you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. if tomorrow it fulfill this taken out condition the see rally.(in second post ) ". You can see price gave rally and touched my red line then came down little. This is the accuracy of amateur analyst. Next week trade plan 1, You can see the white circle the blue zone is taken out on daily basis with good volume also circled in white . So price is expected to move up with certain conditions. 2. I made a micro zone this can act as resistance for time being and target is the upper red line . Those who want to take longs ,they will have to wait till price move down to blue zone. But it does not mean price reached near it and you jump into trade. wait to see whether price stays at this zone or going to break it. 3.If yellow trend line is breached then it can be signal of weakness so do not take long til you get buy setup. In any case prices takes out blue zone on lower time frame then no trading either long or short. Wait for next day if price continue to move down then short with sl of upper band of blue zone. 4. Chances if not taken out micro zone then range bound can happen for day or two. Both arrow showing the direction after these levels. Maruti Compare my last statements for this scrip with this week move. 1. In my last post what is said quoting for your consideration " you can see in two days trading price did not close above bull candle in green still not activated so no long can be initiated. see beauty of analysis i made red dotted line price in two days did not dare to breach this." You can see when price activated this pattern a rally is seen which is not completed yet. The dotted line of lower side could not breach that see what is accuracy Mr.troller ( gann elloit trader) of amateur .By writing that name you can not be gann or eilliot just learn etiquette to write and search the real meaning of criticism. If you want to satisfy your ego go somewhere else . My analysis will not give you that privilege to satisfy your ego. The people like you can not even understand that language. Because mind set is in denial mode not in acceptable mode. 2. yellow dotted line is first target of longs from there price can go into consolidation for time being. Rest market will decide. Yogesh vats.
NSE:RELIANCELong
by yvatsji
6