Arshad_Khatib

Breakout in Reliance and also How to Find Breakout Trades.

Long
NSE:RELIANCE   RELIANCE INDS
NSE:RELIANCE

Reliance Breakout:
Reliance has given breakout to both trending resistance and
A strong supply zone . With a Kind of inverted head and sholder pattern.
And has given closing above both the resistance.
A short retracement can come but there is less probability of it.
Short term targets will be 2250- 2300+
For holding period of 1-2 week maximum.

How to fing Breakout Trades:
All the people watching my ideas regulaowould notice that I give Trade signals only for breakout Trading.
This is because Breakout with volumes show us Institution Entery in the stock.
It can be Traced by Following points.

1. breakout of Horizontal resistance and closing above it on day closing basis.
2. Breakout of a Trendline and closing above it on day closing basis.
3. Breakout of supply or and closing above it on day closing basis.
4. All the Breakouts must be done with High Volumes or volumes more than
20 Moving average of volumes.
5. We must buy the stock on breakout but Always consider a Retracement after it,
Not necessary that Everytime a Retracement would come but we must consider it.

Note :- the Above trade is only for educational purposes please make your own research too before investing
We would not be responsible for any profit or loss of yours on this Trade.
Comment: As I said A Short Retracement Could come.
It Came Yesterday and Took Support form the
Previous Supply Zone which has Became a Demand Zone.
Now Reliance is All Set to Go.
Comment: Reliance has started its move
and gave Closing above all the closings of previous
5 days
Comment: Reliance Firing Up πŸ”₯πŸš€
Made a High of 2220
Going Very Close to Our First Target🎯

Everyone Hold it with SL CTC
Comment: Very very Close to Our First Target
Just 5 points
And we will be done with First TargetπŸ₯‡πŸŽ―
Trade closed: target reached: 1st Target Done
πŸ†πŸš€
Made a High 2263 πŸ˜ŽπŸ†
Gave 5% in just Some DaysπŸ‘

Hold More to come
Comment: Made A High of 2275
πŸ”₯πŸš€
Comment: Reached Very close 🀩

Made a High of 2293 πŸš€πŸ”₯
Just 7 points Left..!!!

Hopefully it will cover that
Trade closed: target reached: Big blast in Reliance πŸ’₯
Crossed all Target 🎯πŸ₯³
Made a High of 2303 🀩
Gave Nearly 7% Returns πŸ†

All Of My Ideas Are Firing Up😎

Everyone Share your Experience on my Ideas and Feel free to Ask Any Trading Related Queries on any Stock .

And Do let me know in Comment
That you Traded it Or Just Saw
Comment: Reliance Targets Update 🎯
Next Targets
2400
2430
In Week
Comment: Reliance Blasting πŸ’₯
Made a High of 2382
Gave a Return of
More than 10.5% πŸ†
Comment: Reliance is Just Breaking it
πŸ”₯πŸ”₯πŸš€πŸš€
Made a High of 2480
15% Returns Done Here 🀩

We need Closing of Day Above 2440
For such Blast

Comments

Nice Explanation!!!! It retested today after breakout.
+1 Reply
@ramanchauhan Exactly as I said
Are you invested in it..?

Thank you very much For commenting
Reply
gr8ston Arshad_Khatib
@Arshad_Khatib, I invested in it after seeing your idea :-) lets hope it shoots from here. Thank you
Reply
@gr8ston, I m very happy that you liked my Idea
But Global Markets, mainly SGX Nifty is much weak
as Reliance is a large contributor to Nifty 50 Weakness would come in reliance.
But Do not panic It would recover Stay Invested
+1 Reply
gr8ston Arshad_Khatib
@Arshad_Khatib, Sure let me hold :-) Thanks for the advice and heads up.
+1 Reply
@gr8ston
consolidation has gone
now profits are on the Way buddy
Reply