vanathi

RelCapital - June 2 Day Trade!

NSE:RELCAPITAL   RELIANCE CAPITAL
306 views
13
306 10
Price action is consolidating inside a triangle indicating triangle break. Buy above 556 with the stoploss of 552. Targets are 561, 565 and 570. Sell below 552 with the stoploss of 555. Targets are 549, 545 and 540. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 1st 2017 only.
Jun 01
Trade active: Short @ 552
Jun 02
Comment: Extended triangle it seems!
Join me in telegram to learn & earn. I also post my trades there. https://t.me/Analysis4Newbie
Follow mw here to learn about system trading. https://neomechanicaltrader.home.blog/
Princess couldn't trade as it was under ban period
Reply
vanathi Sarsans
@Sarsans, No worries, price moved sideways.
Reply
What do you conclude from the arrows marked on RSI?
Reply
JahirS JahirS
@vanathi Or rather what are your observations?
Reply
@JahirS, I expect upside break. I will enter trade after watching price action for few minutes.
Reply
@JahirS, RSI taking support at 40.
Reply
Ashu_2681 vanathi
@vanathi, whats ur target
Reply
vanathi Ashu_2681
@Ashu_2681, I have metioned targets above, anyhow sideway movement today.
Reply
It's gonna b a break out .. my tgts are 574 586
Reply
vanathi Konvict
@Konvict, Break out is good :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out