Reliance Stock on radar. Education purpose only
An attempt in wave analysis ! However since on larger time frame it is showing corrective pattern , it is advisable to go with the trend rather than taking a contra trade
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If you see 8 out of 10 people are bullish for a stock, look for bearish possibility. See what that remaining 2 people are doing and be more biased towards the remaining 2. Example?- Remember what majority of people where predicting when reliance was near 1300 level? Reliance will make new high, right? Well, here is the chart. Why I am saying this? because, the...
Explained in Chart NSE:RELIANCE Note: I am not a qualified Technical analyst. Please do your own analysis before any Investment decisions.
Reliance Industries about to complete its "b"leg and "C" leg down likely to retrace the entire "b" leg . This will complete the entire Correction in "abc" which started in 2018 Peak. Pl.note , Reliance is in LT Bullish cycle. Once this "C" leg is completed ,then next Directional Upmove will start and move above the 2018 peak. NSE:RELIANCE Disclaimer: I am not a...
Here i am explaining one of the tool provided by Trading view , which in fact available for 50 $ per month on paid basis when you subscribe form other vendors but its included in Trading view subscription when you subscribe for 1 year or above , I will explain the best methods i know , which are working good for my boys ( students of all age ) and they are...
Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month ) Congratulations to all those who analysed and traded well Every trader has strengths and weakness. “You have to learn the rules of the game. And then you have to play better than anyone else ”-albert einstein Now coming to the analysis , The up-move...
One has to understand Elliott wave as logical move of the market , the rules are also logical , and trade set up is completely each individual prospective how they take the entries and exit based on their risk and reward basis I think lots of people use trend line , but the presence of trend line is only to indicate what you are looking in it and how you...
Price bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
Explained over the chart
We have shortlisted some stocks as per the fundamental analysis for the positional trading but we do not enter into any trade with only fundamental. We use our trading strategy to enter into the trade and the strategy based on price action technical analysis. We always wait for our setup to enter into the trade. We take the trade only if the particular stock meets...
Larger trend is down :(
Price bounced from support zone with very good momentum and price broke the trendline, Now we need a clear signal to enter the trade.
Momentum shifted from downtrend to uptrend and price also bounced from support zone with trendline break confirmation, Now wait for clear setup.