Short Term Trade
It's always good to notice the emotional gap moves in trade and they are usually filled in a short period of time.
And times it doesn't, so momentum is important.
If Reliance doesn't scale above today's high 4/23 - 1367 and takes out day's low at 1353 then it will be a good trade to fill the gap till 1252
So a position can be taken based on tomorrow's action.
It's always good to notice the emotional gap moves in trade and they are usually filled in a short period of time.
And times it doesn't, so momentum is important.
If Reliance doesn't scale above today's high 4/23 - 1367 and takes out day's low at 1353 then it will be a good trade to fill the gap till 1252
So a position can be taken based on tomorrow's action.
Ordine annullato:
Previous day high was breached. view negated.