RELIANCE - Day chart EMA crossing
Daily chart's 12EMA crossing upward of 50EMA, is a bullish entry trigger
Two days consolidation after the crossing, is positive. [12,15-Feb]
Weak to Strong hand-over took place, those two days [12,15-Feb]
Strength indicator got stronger
Direction movement indicator biased for up-move.
CNX Energy, benchmark index for this stock, also showing strength.
Both improved by 12%, MTD month till date, in last 16 days.
Fibo levels surpassed swiftly , making probability to go back to Fibo 1.0 level.
Two days consolidation after the crossing, is positive. [12,15-Feb]
Weak to Strong hand-over took place, those two days [12,15-Feb]
Strength indicator got stronger
Direction movement indicator biased for up-move.
CNX Energy, benchmark index for this stock, also showing strength.
Both improved by 12%, MTD month till date, in last 16 days.
Fibo levels surpassed swiftly , making probability to go back to Fibo 1.0 level.
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