Waiting for Bull Power to Cross Bear Power
Reliance has been consolidating in a short range for a while and Bull Power is trading below Bear Power but Reliance chart suggesting that its all setup to go higher once breakout happens. So, we will wait for Bull Power to cross above Bear Power to enter into this stock.
If you are not trading with BullPower-Bear Power, you can wait till 2170 level to cross. If Reliance crosses 2170 and remains above this level for atleast 15-30 minutes, by that time Bull Power most likely to be above Bear Power.
This is for educational purpose only. All disclaimers apply.
If you are not trading with BullPower-Bear Power, you can wait till 2170 level to cross. If Reliance crosses 2170 and remains above this level for atleast 15-30 minutes, by that time Bull Power most likely to be above Bear Power.
This is for educational purpose only. All disclaimers apply.