Darvas Box in Reliance
Simple method like Darvas box can also give good idea of trend.
Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis.
It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes.
Current level of Reliance seems to be at the bottom of the latest trading range marked by red box.
Trading the box range is good method for swing trades if the box range is sufficiently large. I use this for mostly large cap stocks which are not very volatile.
Hope this will encourage people to start making boxes on their favorite large cap stocks.
Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis.
It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes.
Current level of Reliance seems to be at the bottom of the latest trading range marked by red box.
Trading the box range is good method for swing trades if the box range is sufficiently large. I use this for mostly large cap stocks which are not very volatile.
Hope this will encourage people to start making boxes on their favorite large cap stocks.
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