In my previous chart, I have discussed how Nifty 50 had a strong bearish breakout. Now I will be making supporting charts which could have been used to confirm the trend.
RIL is a heavyweight stock of Nifty 50 & perhaps has a high correlation.
NSE: RIL is been making beautiful triangular pattern on the daily period chart.
There was a breakout of EMA ( 200 Days ): RIL took support on 200 days EMA 3 times where it was completing its triangular pattern.
Finally, on the third, it broke its support.
(Please read " The 3-Day rule by Martin Schwartz) - This will give you a better understanding of what I am talking about.
RIL is a heavyweight stock of Nifty 50 & perhaps has a high correlation.
NSE: RIL is been making beautiful triangular pattern on the daily period chart.
There was a breakout of EMA ( 200 Days ): RIL took support on 200 days EMA 3 times where it was completing its triangular pattern.
Finally, on the third, it broke its support.
(Please read " The 3-Day rule by Martin Schwartz) - This will give you a better understanding of what I am talking about.
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.