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--------------------Do not hold any positions if moves above 1600------------------------------------
Thanks for watching this video & your precious time.
Trade ativo
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22:48 Hrs / 8th June 2020
Last Price @ 1569 ( Adjusted Closing)
Note - Kindly don't become emotional with markets & only keep eye on the price levels.
Update for 9th June 2020
Risky Traders Next Trading Strategy-
Plan A Sell below ---------------1550 levels strictly
Plan B Short term buy for 1650-1675 levels tomorrow -------------touching the channel tops once done then look to sell holding strictly below channels Important Note- (In case it crosses channels on the upside you can hold your long or buy positions strictly taking care that it should not drop below channels afterwards or book in buy positions & out as it may drop later from the channel tops )
Trade ativo
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13:11 Hrs / 9th June 2020
Last Price @ 1548
Till Mid Session so far- Stock held above 1550 levels -earlier low was 1551- It just broken 1550 levels now which is suggesting to be careful.
I am trying to convince myself about it but how can we ignore the Jio effect, 7 deals in 2 months span which could lead this stock to ATH from 900 levels.
WaveTalks
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@PriyalGupta, WHat are you trying to convince yourself? where it will lead from 900 levels?
purohittapan42
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But @AbhiShek reliance is not purely commodity business then whether 5 th wave rule apply
WaveTalks
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@purohittapan42, Oil is major business. Commodities have largest 5th so Reliance has done justice to what written in books. All commodities have largest 5th waves. Either ways wave 1 is smallest and guidelines followed so structure should have no doubt. Next, it should be your risk management to trade carefully. Thanks
purohittapan42
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@AbhishekHSinghCMT, Thanks for quick and elaborately discussion
MrAkshatP
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Hi @AbhishekHSinghCMT, good projection,kindly share some books ☺️✌️
edahi1213
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@AbhishekHSinghCMT, Thanks for that explanation. Learn something new everytime you post.
I am trying to convince myself about it but how can we ignore the Jio effect, 7 deals in 2 months span which could lead this stock to ATH from 900 levels.