AbhishekHSinghCMT
Long

Reliance- Bounce in the zone 1045-1050 With Support@1000

NSE:RELIANCE   RELIANCE INDS
253 views
5
253 6
Likely, we will expect a bounce which could retrace 38.2% to 50% of ii-iii wave distance & can travel in the zone 1045-1050- which shall be inspected again for bearish future moves.

Trading Strategy
1000 is the key support level- holding that level downside- we will expect a bounce in the zone 1045-1050 & sellers could come into play in that zone- which I shall check again at the later stages post U.S. Elections outcome.

Puking Exactly from Triangle Top- Excellent Risk, Reward Ratio
Trade active: 11:46 Hrs 7th Nov2016

Last Price-1003

Bullish Bat with 1000 as important low - can look for targets as 1008-1013 & above 1013 for 1045-1050

Trade active: 13:21 Hrs 7th Nov2016

Last Price@1002.35

For the last 90 minute price has been moving in the range 1000-1003. These setups are highly rewarding setups as one has to lose 1-2 bucks & gain is big.
Trade active: 13:27 Hrs 7th Nov2016

Last Price@1004.50

We will trail our stops at 1001 & if hit we will exit Reliance for the time being else target is 1008- 1013 & Above 1013-for 1045-1050
Trade active: 14:01 Hrs 7th Nov2016

Last Price@1001
Last Session Low & Traded Price was exactly 1001- Testing too much of patience. We are out for the time being.
Trade active: 14:43 Hrs 7th Nov2016

Last Price@1004.50

Who is buying from 1000 Marks?
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Thanks for chart, going long with s.l. 282 ,
Reply
Amrish what is 282 & how you got as stoploss
Reply
I did. Thank you Abhishek!
Reply
Nice
Reply
lukerodson AbhishekHSinghCMT
You Rock!!
Reply
No. Market & Price Rocks- I am a very small fellow against the market flux
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out