Wednesday, December 31, 2008

Ril... A Qucik Scalp..Some Divergences..A Few Patterns And A Whole Lot Of Confusion!!!


The charts below are of Reliance (RIL) futures and the time frame is 25 minutes. Its one of the stocks I like to daytrade apart from Nifty.


The chart below is when I entered RIL, I found it a low risk setup and took my dig at it;






I got out with 15 bucks scalping trade and went short at 1258 and once again took my 20 points profit. Didn’t venture out after that, you see, I wanted to end the year on a positive note.






This is how RIL ended the day!







"The big shots are only the little shots who keep shooting." Christopher Morley



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