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
Trade ist aktiv
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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.
Trade ist aktiv
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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.
Trade wurde manuell geschlossen
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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.