Reliance weekly update 07/JUN/24
Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade.
As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels.
If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE.
MONTHLY RSI > 60.
WEEKLY RSI < 60.
Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART.
An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts.
Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON.
Till then Enjoy the Back Seat Game.
WAIT & WATCH & REPEAT.
HAPPY TRADING
As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels.
If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE.
MONTHLY RSI > 60.
WEEKLY RSI < 60.
Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART.
An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts.
Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON.
Till then Enjoy the Back Seat Game.
WAIT & WATCH & REPEAT.
HAPPY TRADING
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