DURING LAST 3 TRADING SESSIONS RELIANCE COMMUNICATION (RCOM) RALLIED ALMOST 14%...!!!
IN CONTINUATION OF OUR EDUCATION SERIES IN WHICH WE HAVE BEEN TELLING THAT CHARTS DISCOUNTS EVERYTHING WELL IN ADVANCE.
LETS TRY TO SEE IT VIA SIMPLE CHARTS...!!!
IN ABOVE CHART WE CAN SEE THAT THIS STOCK WAS IN DEMAND ZONE AND IT HAS REACTED SHARPLY FROM IT. ALSO WE CAN SEE ON WEDNESDAY STOCK GAVE WILD UPSIDE MOVE.
NOW TO UNDERSTAND IN OTHER SIMPLE WAY LETS TRY IT BY VOLUMES & 21 EMA.
WE CAN SEE THAT 3rd LAST CANDLE GAVE UPSIDE MOVE WITH HIGH VOLUMES (PRIOR TO WHICH VOLUMES WERE LOW) WHICH WAS ALSO CONTINUED BY VOLUMES NEXT DAY BUT TODAY (3rd CANDLE) SOMEHOW MOMENTUM WAS LOST.
IN THE END WE WOULD LIKE TO SAY THAT CHART DISCOUNTS EVERY NEXT PROBABLE MOVE BUT IT IS ANALYST WHO HAS TO GRAB IT...!!!
FOR LIVE UPDATE ON INDEX DURING TRADING HOURS PLEASE VISIT OUR FACEBOOK PAGE.
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FOR SUGGESTIONS/QUERIES READER CAN CONTACT US ON NIFTY50STRIKER@GMAIL.COM OR 08866145155.
LIVE UPDATE ON INDEX DURING TRADING HOURS PLEASE VISIT OUR FACEBOOK PAGE.
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