this chart is only for day traders. for getting great RISK/REWARD - trade near to support zone. if price able to break 1st support then later on 1st support will react as resistance. if you see demand at support, go long. if you see selling at support go short. just try to follow the trend.
be ready mentally, for taking both sides trades. wherever price will go, follow the price, be flexible. most of the time our analysis doesn't work. so always follow the trend.
for this stock, i'm receiving mixed review, many people are saying it's speculative move, soon price will fall like a shot. many people are convinced with this move, coz of debt relaxation.
price is going higher after few candles consolidation, it's clean pattern.
whenever price came to this blue line, price gave minimal 14 ot 17% return.
after 20 march 2020, it's given 150%. it's a great stock for day traders.
i hope you have made some money. in last 1 hour price gave great move. the reason of posting again this chart, this stock has more potential to fire up. for day traders as well as swing traders. good luck.
i'm posting this analysis while market hour. you can trade swing as well as intraday. but first wait for breakout or down.
we can see further upmove, next resistance 510. see chart on daily candle, you will see volume more clearly.
it's very easy to anticipate future moves,by looking price history pattern.
in upcoming sessions we will see good move.
wait for to get great risk reward at the support. price may fall from support or bounce from the support. take trade based upon chart patterns and price action at the support. no one knows price will take support or not, except liars. so wait for confirmation.
this chart is only for day traders. next few sessions going to be interesting. plan your trade and trade your plan.
this chart may not look fancy, with 100s of lines and bunch of indicators. but for real traders who is making money in day trading, this chart is satisfying for them. there is a enough space for trade. good luck.
if you think complicated charts works better, then my friend long way to go.
reliance is now debt free, that's is the reason for this rocket move, so price is already so high so wait for more confirmations, ike breakout, volume etc