Wait till it crosses 53.65, and if still follows the median of the pitchfork; A good Shot.
This is only for Educational Purpose, I myself am a learner
This post contains my thoughts to particular (RELINFRA) and will be no responsible for any kind of losses.
Exit Now. Down move has started and MACD has sharp convergence. If you have some profit, take it and never look back. This share was 600 plus once upon a time.
Risko-meter Lethal
Relinfra - Reliance Infrastructure - Forming good raising channel BO given and due to sharp fell off in the last session still gives good chance to enter.
Don't invest a large amount as the candles are not so strong, but can invest a small amount for the long term.
Happy investing!
RELINFRA (Reliance Infrastructure Ltd) BUY ABOVE 65. RELINFRA skewed double bottom and standing in trend line and if trend line broken then BUY can be initiated at around 65.5
Buy rel infra with a SL of 111.75, for a target of 113/115/118
However, if rel infra drops below 111 on a 15m intraday chart
Sell rel infra with a SL of 112.2 for a target of 109/107/103
Fundamentally zero RELINFRA has been going down and has formed a rounding top after and has formed an inside bar on daily.
Can go short at 108 for a target of 100 and stop loss of 116.
Once it breaks 100 , can go lower and finally in few months to zero .
