Reliance infra Bullish – EQSIS PRO

Malathy Ravi, December 20, 2017, RELINFRA

Reliance infra witnessed bullish trend today post bearish hammer pattern on 18th dec17. Noted buyers volume helped to raise stock price considerably. Recommend Long Buy position

1 Comment

vignesh 6 years ago

Hi,
Bullish Breakout is expected but not with hammer pattern because there is no volume on Hammer day.
Triangle pattern is witnessed with duration of 1 – 1.5 months once there is Bullish breakout with high volume then the Bullish trend is confirmed, though breakout seems to be appeared the volume is not good.
I’ve attached the chart shot for the better reference.

Log in to reply.

Leave a reply Click here to cancel the reply

You must be logged in to post a comment.

©2024 | Rights Reserved | EQSIS | Terms and Conditions | Privacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.