overall stock is bearish, but took support from the demand zone, and now if it sustain after breaking resistance one can go long above the high of breakout candle.
I am looking for short opp. and will short if gets rejected from resistance and comes under trendline.
Cannot determine a good opportunity in swing or intraday.
Avoid this script till Tuesday.
if one wish to enter for intraday position, levels are mentioned on chart.
A good risk:reward trade in reliance
Reliance has cut the long term bearish trend and now it has came to re test it, and formed bullish harami pattern.
Black Line- Entry
Red Line -Stop loss
Green Line -Target
Risk:Reward 1:1
A good trade as it is taking support as trendline, enter after immediate resistance in broken, if will yield good results
Dabur has started its downtrend and completed it retracement and it is ready for more downfall,
if we find dabur breaking the trendline for forming bearish pattern at the mentioned levels.
1:1 risk:reward trade can be easily done
