Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
This scrip is about to end its down ward movement , despite the fact that many might be viewing the news but its showing possible end of the down move ,
One can wait for Monthly reversal candle , as the fear is still roaming around , and any reversal on Monthly is Good for investment it will high likely move till 1200+
and also it will take months to get the...
Rel Capital
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline...
BUY : @142
SL :136
T1 :167
T2 :174 (highly unlikely )
Do exit if you get profit during the swing. This is a falling knife and and i think bottom has not yet been finalized. Strict SL.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
![RELCAPITAL: [Intraday] Insidebar RELCAP](https://s3.tradingview.com/z/zNqFECH0_mid.png "[Intraday] Insidebar RELCAP")
![RELCAPITAL: [INTRADAY] [WEEKEND] [INSIDE BAR] Reliance Capital Trade](https://s3.tradingview.com/v/vBcGG10g_mid.png "[INTRADAY] [WEEKEND] [INSIDE BAR] Reliance Capital Trade")
![RELCAPITAL: [Intraday] Double Inside bar RELCAP](https://s3.tradingview.com/g/gsGrvh6d_mid.png "[Intraday] Double Inside bar RELCAP")
