Reliance Infrastructure and Reliance Capital formed Bearish Wolfe waves towards the end of day today. But the success ratio of the intraday wolfe waves that form towards end of the day is low when compared with the rest! These patterns consists of good symmetry and volumes at 5, lets see whether they work for tomorrow or not. Will post when trade triggers. Below are the charts of relinfra and relcap in 5 min time frame:
Reliance Infrastructure
Wednesday, July 1, 2009
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