Tomorrow there is parliament drama on Rafale which will make this volatile. So watch for that. Today's price action tells it is a sign of short covering! So sell tomorrow on PDL break with the stop loss mentioned.
As it is moving towards the consolidation channel the fall may not be sharp, so TSL properly.
Hello all, this is a new chart of relcap with probable elliott wave count. From this perspective seems like further fall is pending but we are currently going down in wave iii of c of (B) , if you get it good otherwise no issue i am expecting good pull back to test the high of wave (A) again but it might comeout to be a triangle. so let the pattern form and take ...
Relcapital Sell Below 221.60
Risk 5.57% & Reward 24%
RR Ratio 1: 4.30
Another Probability is, it can be turned out into triple bottoms as well but looking at the prolonged decline I personally prefer to sell descending triangle breakout rather buying triple bottoms.
In this “flat-bottom” ...