This large-cap stock has been trending sideways for a long time now; overall bullish coiling on the monthly chart with a reverse head and shoulder pattern. Now arriving at a weekly buy zone. This can be a long term buy - the potential target at 44 or even higher. Best
This large-cap stock has been trending sideways for a while now and is showing some bullish coiling. It will be oversold when it arrives at the buy zone, with both stochastics below 30%. Big picture opportunity is to BUY (passive), but a potential short-sell trade (actively managed) can be made on its way down to the buy zone. Best.
Hello Traders, RELIANCE long term trend is in bullish but the market price breaks below the daily correction with a good impulse and now we seen the lower time frame correction , so enter short term sell order Entry Details: Pair: RELIANCE Order: SELL Entry : 1325.13 Take Profit : 1137.98 Stop loss : 1396.25 Risk Vs Reward: 1:2.63
Monthly view with my latest chart here. Expecting some general ribbons of price waves to come - I also plan to ride them short for profit along the way!
WE MIGHT HAVE A POSSIBLE BULLISH CYPHER PATTERN SETTING UP HERE. RSI IS ALREADY AT EXTREME OVERSOLD CONDITIONS AND ARE NEAR THE EXTREME OVERSOLD CONDITIONS ON THE HIGHER TIMEFRAME AS WELL