RELIANCE BUY ( Positional Trade Idea )Name- RELIANCE
Trading Style- Positional
Strategy- Trendline Breakout + Daily Closing
Timeframe- Daily Chart
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
Positionalcall
VOLTASKey highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of channel pattern .
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 930.
✅Can Go long in this stock by placing a stop loss above 786.
✅ breakout this can give risk:reward upto 15%+
Bajfinance sell -swing trade / positional tradeBajfinance break a good support zone. If it breaks previous day low then Baffinance may fall till 5400
Positional Trade :-BAJFINANCE sell below 5845 to 5835
Target 5800, 5760,5700,5600,5540,5400
After selling, you cannot keep a stock overnight. so, one can take this trade in option.
e.g. Buy 1 lot 5700 PE feb expiry - ₹ 117.65
Sell 1 lot 5500PE - ₹ 62.45
Prob. of Profit :-34.5%
Max. Profit:- ₹ +18,100 (70.77%)
Max. Loss:- ₹ -6,900 (-26.98%)
Max. RR Ratio:- 1:2.62
Breakevens:- 0-5644.0
Cup & Handle Breakout - Accumulate !!Cup & Handle Pattern is the most Trusted pattern with highest accuracy.
Century Textiles is fundamentally very sound stock with no debt. The Revenue and EPS of the Company has grown continuously.
Mutual Funds hold almost 14% stake and FPI hold nearly 8%. This provides us a strong sign for the company.
Technically the Price Chart is bullish on all time Frames. Hence it is a very good opportunity to go long.
Cup & Handle Breakout - Don't MissPremium Chart Structure means there is base on base Pattern. This is visible in the chart that there is Flat Base formation on Cup & Handle Base. This Pattern has the potential to generate 30-50% return within 4-6 months Time.
Very good fundamentals. Technically also looking very strong