Amit_Ghosh

Reliance Tuesday Idea

Short
Amit_Ghosh Updated   
NSE:RELIANCE   RELIANCE INDS
If it breaches today's low tomorrow; go short = Weekend strategy.
Order cancelled:
One of the crucial thing why people lose money on an aggressive bet. The candle's color never matters. It is deceptive.

The low of the previous day didn't get breached and the trade didn't trigger. But on the same point of argument, today it got a trigger. Even I traded too as you can see here i.imgur.com/toaSPc5.png
i.imgur.com/toaSPc5.png

The rationale was simple = Today's expiry and You don't take positional trades on index movers in expiry. Because they are used to manipulate the index for the betterment of big people.

But, it can not go up forever, Always keep eye on it - Next time the low is breached, you know what to do.
Trade active:
It triggered today to post my discussion on Quora
(www.quora.com/What-i...nswer/Amit-Ghosh-280).

Here goes the proof - i.imgur.com/g2j2IxP.png

Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/

Our community is full with traders who actually trade!

Telegram: t.me/unofficed
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.