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  Averages Sync for UP trend on daily chart. Attempt for breakout from the wider sideways range denoted by the purple lines. Volatility will be a function of lower time frame in comparison to the chart time frame which we are watching. since breakout does not happen in vertical line most of the time. Therefore, when we look at the lower time frame chart it will be associated with oversold and overbought to understand the volatility if higher trend breakout is visible then look for a point from where it can fail the support and trading higher bottom Our rules of open will always help to be in track with market and in line with market

  Inverted Hammer Dark Cloud Cover RSI Overbought RSI below its Average MACD Below it Average What can save it from here on is immediate breakout and close above the peak. As long as peak is not crossed expect correction. Correction can be in terms of time and price. Time Correction will exhibit by Volatility along with development of Range. The range at times can get into compression mode. Correction in terms of Price is associated with retracement to the last corresponding rise test the Fib-retracement levels of the rise.

  MS PLUGING Inverted Hammer Overbought Exit RSI below is average. MACD below its Average

  daily chart. If you are passive investors. then all oversold. on daily, weekly, monthly are opportunity to invest with waiting and gestation period irrespective of MTM Because when various momentum based signal will be only when trend is established. Various momentum-based signals are available.  Now we have seen a historical breakout again with RS MODEL signal. RS Model Signal is outperformance signal in 6 months over benchmark with trend and momentum is established. for momentum based. trend line breakout and green bar at breakout 

  For investing momentum if fails then later used oversold whenever it comes for accumulation especially index-based stocks. reliance also had sideways consolidation phase since October 2021 Upside retracement shown in chart dotted at higher level for potential target for passive investors who can play both  with money and holding capacity can trade and when oversold comes add. play for higher target as shown give time it will be eventually a winner. since this is Index based stock who are heavy weight