RELIANCE INFRA GETTING READY FOR A CUP AND HANDLE PATTERN.
ENTRY POINT IF IT MATERIALIZES AROUND 373.
IT IS ALSO ON THE VERGE OF A KUMO BREAK DOWN, SO THE PATTERN MAY NOT FORM EVEN.
KEEP A TAB ON THE COUNTER.
ABOVE FOR EDUCATION PURPOSE
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19/11/2018
Reliance Infra settling at the bottom of the handle. We patiently wait for 373. Will take trade after that. Aggresive risk taker can look to buy now also.
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22/11/2008
The prices close to handle, moving in right direction. Wait for a 373 break out. Typically the handle take 7 - 10 trading days or more. so wait for the 373 break out.
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30/11/2018
It has not moved beyond the 373 handle break out. It has dropped below the handle pattern. Now follow the support levels 321- 312 if one is already into the trade.
Personally will wait for RSI to get to 30 to take a trade.