Reliance short

2022년 3월 16일

The first hourly candle on 17th should either be a red candle or a shooting star clearly showing selling pressure at around 2411 levels, it should not breakout strongly above this otherwise the next long target becomes 2456. If selling pressure is indicated by the aforementioned indicators, then the stock can be shorted to 2 ATR hourly till 2377, and stop loss should be above the high of previous 3 days at around 2433. Risk/Reward is at 1.5.