first step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Nifty 50 : Trend is Up - Buy on dip ( see video for details )
This video is only for educational purposes. Please consult your financial advisor before you take any trade
Here you can see Reliance created a U shape pattern at 2200 level and now it has given a breakout and also retested the level yesterday. It may be good long opportunity today if the price starts showing strength towards upside today.
Reliance has given a fresh breakout with good intensity of volume, one can go long at these levels or in dips with stoploss of 2010, for targets of 2158 to 2620, mentioned on chart.
Key Levels are Mentioned on chart
Breakout with Good intensity of Volume
Macd in daily positive...
39% Market share in telecom ( JIO ) with a possibility of only two telecom servicies to remain in India- Airtel and Jio.
Fast growing broadband presence
Oil bullish for $90 + to pump the bottomline of reliance
Front runner in bringing 5G to india, multiple investments from BIG names-- Facebook, Google, Silver Lake, Vista Equity...