Averoy_Apoorv_Analysis

Reliance | All the possible trades on Day chart

Long
NSE:RELIANCE   RELIANCE INDS
🔰 Hello my friends, here is the story I see behind this stock:
⭐Here are all the patterns Reliance showed after the covid rally :)
⭐U can see your possible entries too in them :) and also can analyze when u shouldn't have traded it ( coz of no trading zones or bizarre pattern making )
⭐I would say the risk is too high after today's candle so no entry now in RIL coz on the upside it can take resistance from that strong trendline again, so the upside is less and the downside risk is today's candle if that risk-reward is good with you if u see a good edge in your setup then go for the trade :) as per your risk and emotions :)

🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>

Comments

Nice analysis ! Can i request for your analysis on Siyaram Silks (SIYSIL) to understand the level of risk/reward behind an entry at its current closing price ?
+2 Reply
@monkmaxims, definitely bro :)
Reply
One should exit at near 2170 .. just a chart image interpretation. No techie data..
+1 Reply
@ahabna2009, well one should not exit if it sustains the 2170 lvls or above, what I am seeing is it will retrace a bit after touching that mark, and then it might give a good breakout :) clearing to ATM
Reply
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