TradingView
Trading_hawk
Sep 26, 2021 6:42 PM

Simple Trade Setup | RELIANCE | 27-09-2021 [INTRADAY] 

RELIANCE INDSNSE

Description

NSE:RELIANCE

Trade Setup for Date 27-09-2021:

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Comments
Trading_hawk
Reliance Reversed from 2510
Trading_hawk
bonus level achieved
kalashaggarwal
your views on Maruti?
Trading_hawk
@kalashaggarwal
hi are you looking for intraday trade or positional?
kalashaggarwal
@Trading_hawk, hey, thanks for the reply!

I'm looking for a positional or a swing trade!
Trading_hawk
@kalashaggarwal,

7200 level already reached.
for short-mid term can go long for 8000 target.
Trading_hawk
@kalashaggarwal
one can initiate quick long trade for very short term from CMP with SL of 6920 and Target of 7000-7040.

Safe and good risk reward short-mid positional/swing trade will be on sustainable breakout of 7040 level with Target of 7200 and SL of 6985.

Sustainable breakout of 7200 will give good upmove but after 7200 breakout it should come to test the support from 7200 and if it gets support from 7200 then it will be very good buy trade for 8000 target and SL will be 7150
More