RELIANCE INFRA - IS IT GETTING READY FOR CHAI TIME

18 Kas 2018

RELIANCE INFRA GETTING READY FOR A CUP AND HANDLE PATTERN.

ENTRY POINT IF IT MATERIALIZES AROUND 373.

IT IS ALSO ON THE VERGE OF A KUMO BREAK DOWN, SO THE PATTERN MAY NOT FORM EVEN.

KEEP A TAB ON THE COUNTER.

ABOVE FOR EDUCATION PURPOSE

19 Kas 2018

İşlem aktif

19/11/2018

Reliance Infra settling at the bottom of the handle. We patiently wait for 373. Will take trade after that. Aggresive risk taker can look to buy now also.

22 Kas 2018

İşlem aktif

22/11/2008

The prices close to handle, moving in right direction. Wait for a 373 break out. Typically the handle take 7 - 10 trading days or more. so wait for the 373 break out.

30 Kas 2018

İşlem elle kapatılmış

30/11/2018

It has not moved beyond the 373 handle break out. It has dropped below the handle pattern. Now follow the support levels 321- 312 if one is already into the trade.

Personally will wait for RSI to get to 30 to take a trade.