RELIANCE Short
Reliance has been a true star that practically carried Nifty for some time.
Now it's time for a breather. The rally looks tired.
Notice the indecisive price action at 1600 level (encircled).
Also there is divergence in the stochastics as seen in CCI.
Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
Now it's time for a breather. The rally looks tired.
Notice the indecisive price action at 1600 level (encircled).
Also there is divergence in the stochastics as seen in CCI.
Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.