THE TRUTH OF THE BREAKOUT - reliance

28 Apr 2022

I was hearing a lot about the Breakout of reliance -

BUT FOR ME - its looks a bit .... - what i see is
- its in a Channel - nearing the top of the channel
- in Daily chart - a high vol indecision candle with SELL off near to the closing time
- as history repeats - we know what happens on the day of EARNINGS

....AM I BEARISH - NO

.....AM I CONSCIOUS - DEFINIETLY YESS - Especially after seeing Nifty also giving a sell off during the close(ofcourse Gap resistance)

So Nifty at Gap resistance -- reliance at the Ascending channel cliff end --...??

---what can we do now- MANAGE RISK - because thats the only thing which is IN OUR CONTROL