Reliance broke major Trendline( Bull Trap?? )
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As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near.
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking down it for dip-buying.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk &
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking down it for dip-buying.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk &
Nota
It's A BEAR TRAP NOT A BULL TRAP sorry for the typo
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