A BULLLISH MARUBUZO IS A VERY BEARISH CANDLE AND COUPLED WITH ALL TIMES HIGH RESISTANCE THIS ADDS TO THE CONFLUENCE OF IDEAS TO TRADE RELIANCE SHORT THIS TRADE GIVES A VERY GOOD RR AND ALWAYS TAKE A TRADE WITH GOOD RR IT IMPROVES OUR TRADING IN THE LONG RUN. A BULLISH CANDLE ABOVE THE RESISTANCE WILL CANCEL OUR TRADE IDEA AND THEN WE NEED TO EXIT OR TAKE ALONG POSITION.
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SO WE HAD OUR TARGET HIT YESTERDAY AND THEN RELIANCE BOUNCED BACK FROM ITS SUPPORT AREA. BOOKING PROFITS IS CRUCIAL FOR A TRADERS SUCCESS.