Reliance is looking bearish
We can short reliance for some easy money.
Reasons behind it
1. a negative breakout of a rising wedge on 1hr time frame.
2. Bearish engulfing on 1day time frame.
Fundamental reason.
1. the biggest reason behind the trade is that reliance always falls after its results you could even backtest it.
Reasons behind it
1. a negative breakout of a rising wedge on 1hr time frame.
2. Bearish engulfing on 1day time frame.
Fundamental reason.
1. the biggest reason behind the trade is that reliance always falls after its results you could even backtest it.
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