Today, Relcap took support at the 61.8% of the last up move from 13th July low of Rs.700 to 6th Aug high of Rs.938 and formed a hammer in daily charts. If Relcap gives any entry opportunity tomorrow, one can enter long in this scrip. Expecting it to move at least up to 880 levels. I will update again if entry triggers tomorrow.
Relcap Intraday Chart - 15 mins:
On Intraday 15 min chart, RelCap formed AB=CD pattern with good symmetry and Fibonacci convergence as shown in above chart. I have taken some long positions at 805 today based on the AB=CD pattern and will add some more on another entry opportunity.
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