Update on Dragonfly Doji in Relcap - 23rd Jul 09

Relcap Chart - Daily:

Reliance Capital formed candlestick dojis last 2 days, just below resistance trend line. It is unable to move above the resistance line and fall below the support line. This uncertainty may be the reason for forming candlestick Dojis last two days in daily charts.

Relcap Chart - 5 min:

Relcap formed a Diamond pattern in 5 min charts (not a perfect one though), volumes are supporting the pattern. I will exit my 25% if it gives breakdown with volumes, now moving my Stop loss to 878 - filter. After exiting this, will take decision about the remaining 25% depending on the situations.