"Reliance - Descending triangle" di FAHEEMSAM su NSE:RELIANCE

trendanalysis chartpattern waveanalysis reliance

A descending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........

Note:

Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking

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Happy Trading!!

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