RELIANCE has reached its retesting level and is giving an indication that it is ready to move up the ladder. We will be buying above the high of 9th November, 2021 to ensure that we have bought it at a right level as the stock shouldn't give us a false retest, hence keeping the stop loss just below the candle that retested the trendline on 8th Nov, 2021 at 2450. We will be looking at a profit with a risk to reward ratio of 2:1 which is a fairly good reward, hence our target will be 2690. It is a small swing setup for short term and swing traders who like to take advantage of opportunities presented to them with a balanced strategy. Happy Trading Everyone and follow me for such beautiful setups and swing trades to make smart money.Dagangan aktif
The trade has activated today at 2530. Happy trading everyone.Dagangan ditutup: hentian tercapai
Due to the Reliance Saudi Aramco deal, Reliance and Saudi Aramco witnessed a downfall and hence the stop loss was hit. Always keep your stop loss, it will never pinch you in the long run. Happy trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.