When the "Top Formation" signal is received, either the index or scripts must decline
In Reliance last month, a "Top formation" signal was initiated on 11th March, resulting in a 150 point drop...
The same time "Put Option" has been moved more than 3 times..
Currently, I am waiting for the "Top formation" signal. If the signal is triggered, I will enter into put option
Additionally, while observing Nifty, it can be noted that there is no indication of a "Top formation" signal being established in the Index
It is good enough to follow the system, even if you only make 2 or 3 trades in a month..
Please check the Reliance chart on your system and analyze it on your own.....
Enjoy and Trade...
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