yvatsji

REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART-1

NSE:RELIANCE   RELIANCE INDS
RELAINCE INDUSTRIES In last post I gave two dotted lines one red and second yellow. What i mentioned quoting '" IF red dotted line is taken out on smaller time frame of 1 hr then then you will see rally to red line in coming days." you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. If tomorrow it fulfill this taken out condition then see rally . on the contrary yellow dotted line is taken out the this scrip can be range bound. bullish engulfing pattern is activated now.
SBIN In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail.
HDFC BANK In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply."
You can see I was taking of week structure of hdfc as compare to Icici bank because of an evening star pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an evening star is neutralize by the bullish harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide.
YOGESH VATS
Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.

Comments

Dear sir absolutely accurate and elaborate and meticulous analysis provided on reliance. Once pink dotted line fulfilled taken out condition went long and made good profit of 35 points per share..... fantastic rally. And believe it will continue🙏🙏🙏no one like you sir
+1 Reply
yvatsji D_Bhalla
@D_Bhalla, thanks for sharing your trade with following conditions. That will definitely inspire newbies.
Reply
@yvatsji "And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe." - This is around 180 and we can initiate long . Its above 180 from couple of days and was checking if i read it right. Apologies if this is simple, but wanted to clarify if i read this right
Reply
Sir, your reliance analysis bang on!!! I entered after red dotted line was takenout @1640 and booked profit yday @ 1770 levels
Reply
yvatsji mrhariA7
@mrhariA7, good to hear your profit enjoy. And keep sharing your trades for newbies.
Reply
You see what I have so far not been able to see, though have started getting the hang of it.
Reply
@yvatsji , Sir you are great! Fantastic rally in Reliance within 2 days once 1 hour candle closed above red dotted line... Sir Hats off to you!!
Reply
yvatsji wadhwaamit4
@wadhwaamit4, that is why you asking entry exit from madam kinnari.... 🙂
Reply
@yvatsji, Sir i follow Madam Kinnari but i asked levels for NIFTY not for reliance as she posted idea for SHORT NIFTY from HIGH's due to ELLIOT WAVE.
Reply
yvatsji wadhwaamit4
@wadhwaamit4, when you study hard then you can stand your own. Think over it.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out