Bearish On Reliance

16 ต.ค. 2020

RSIStairs broke down below 50 and nearest support level, for the first time after 21st April. It has given a breakdown from the #SymmetricalTriangle pattern too.

Is this the start of end of long term bullish trend? Possibly yes. Not necessary it will go down to wires. But a definite point of exiting the longs.

Either it will go under consolidation or give a deep correction before resuming its primary trend.

16 ต.ค. 2020

บันทึก

Disclaimer: Objective of posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

6 พ.ย. 2020

บันทึก

Reliance made low of 1843.