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Risk Management trade in Reliance.Hi there! Let's talk about this small trade in Reliance. Reliance CMP:- 2524.05 -->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend . -->Since then Price is in correction and approached 0.618 Fib level of that up wave. What's in my mind? -->If we observe the price action there is an untested demand zone at this 0.618 Fib area. -->If we observe the upper 2 arrows those mentioned candles and and their volumes saying that there was some distribution happened may be reason for this correction -->If we observe the bottom arrow that mentioned red candle with high volume is a support breakdow n and may be the stop losses of previous long trades What's my point? -->Even if price continues to move down I'm expecting a pull back before that and this Idea is actually trading that pull back. -->If my analysis goes wrong and price breaches this demand area I will exit with my stop loss and enter at next demand areas with new confirmations. Entry setup: Enter Long: 2480 Stop Loss : 2425 (70 rupees per share and one can plan their risk accordingly) Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES ***If you like my analysis let me know by giving boost or a comment. I will be updating.
NSE:RELIANCELong
by Mo-Kri
1
GUJALKALI - Low Risk high reward tradeA bullish reversal pattern has developed over the past week on GUJALKALI at the demand line. It is clear that the selling volume has been exhausted and the bullish volume is rising. The area where the stock is currently struggling has previously served as a support / resistance zone and has been tested numerous times. At the current price, we can plan a buy trade that could have a low risk but high reward. My analysis is solely for study purpose; I am not a Sebi registered individual. If my analysis proves useful to you, please like it and follow me on Trading View for more analysis like this.
NSE:GUJALKALILong
by AfnanTAjuddin
3