Reliance Price Volume analysis

2023년 3월 17일

Reliance on Daily time frame broke down important support level and gave a weak closing on 15th March, although there are some more supports placed below but if I look at current price vs volume relationship and whatever my understanding and view is that even though the volumes were on higher side today in comparison to last two day's session, the price couldn't broke Previous day low in today's session. This is probably a sign of good accumulation by strong hands and getting weaker hands out of the market probably.

As they say operators buy in red candles and sell in green candles or basically sell in strength and buy in weakness is the theory they apply :)

I will be keeping a watch here to understand whether this was really a climax candle in selling or not.

2023년 3월 21일

노트

Going good so far :)

2023년 3월 21일

노트

Worked out perfectly - the trapping breakdown candle now 50% engulfed, so clearly late shorts are trapped here and it is making a sort of morning star on daily tf.

Good follow up volumes as well today

2023년 3월 22일

노트

Reliance made a high of around 2290+ :) Good contra bet worked perfectly :)

2023년 3월 27일

노트

Reilance - can it make a W here

2023년 3월 29일

노트

Reliance - holding up on the same level :)

2023년 3월 31일

노트

Hello Bears :)

2023년 5월 26일

노트

Reliance hits 2500+

2023년 7월 3일

노트

Reliance 2600+ so far

2023년 7월 10일

노트

Reliance 2700+