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Reliance: AnalysisReliance industries have just taken support on the daily as well as on hourly support levels forming a head and shoulder pattern in the bottom, this might be the beginning of an uptrend in daily as well as on hourly time frame in addition to that their is a beginning of positive sentiment in the market. . No trade is an assured trade calculate your RR ratio and then trade, bare losses that are affordable to you. The market is going to be their tomorrow important thing is whether you are going to be in it tomorrow or not.
NSE:RELIANCELong
by Umang_Sharma
Reliance broke major Trendline( Bull Trap?? ) As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near. So the reason why I think its a Bull Trap- (Just my thought) 1) No negativity around it 2) Stock already corrected and consolidated a lot 3) Earning is near 4) Big player breaking down it for dip-buying. This analysis is done only for educational & intelligence purposes, invest or trade at your own risk &
NSE:RELIANCE
by pradumnasaraf
19