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See the rectangle in the chart “It can be called as excess” because it did not spend much time in these price areas.
Buyers still not ready to buy this stock. Therefore, wait for trade. We did not trigger still.
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Short Reliance 1366 nearby
Stop loss 1373
Target 1351 And 1344
Below chart is for performance. (To become a subscriber, subscribe to our free newsletter services. Our service is free for all.)
Just try to trade in buy range and keep stop-loss.
try two times with stop-loss. Here is a good ratio of reward than risk.
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PERFORANCE CHART.
The small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby.
NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live market hrs.
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Buying and selling should be near support and resistance.
Resistance at 12000 nearby and Support 11807 nearby for small value area.
Detection of two excesses on the chart.
Note: This is a small value which is not reliable as compared to higher, therefore I can say trade with a small stop to loss. Reliability is 85% around.
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