RELCAPITAL - LongRELCAPITAL has seen consolidating in 420 - 440 range since a while. The stock is seeing bullish reversal, and can see a breakout. One can go long in the counter with Target of 447/457/470, Keeping Stop Loss below 420 (Closing Basis). Risk-Reward: 2.17.
RELCAPITAL Fut
Lot Size: 750
RELCAPITAL
My PredictiveEngine's Intraday call(10-Apr) - RELCAPITAL - LongBased on my PredictiveSystem's signals, tomorrow (10-Apr) its going to be a GREEN candle for NSE:RELCAPITAL
Buy above: 454.2
Target-1: 457.5
Target-2: 459.6
Target-3: 461.7
Stop loss: 450.4
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
RELIANCE CAPITAL Bouncing from Support level, @530...BSE:RELCAPITAL Daily chart shows multiple support level at 530 zone. Stock bouncing from that level with Bullish engulfing candle. Stochastic also getting up from Weakness zone (I don't like to call it Oversold zone). Stop loss below 520 on daily candle closing basis. Targets: 650/750. Time frame for target 30 & 50 Days.
Bullish Patterns in Reliance CapitalReasons to go long in NSE:RELCAPITAL
Classic Cup-Handle formation
Oscillators turned positive
Listing of RelianceNippon
RELCAPITAL Head n Shoulder BreakoutRELCAP has been moving in cup and handle. Infact it broke out of the down trendline recently and made the HEad n shoudlers pattern in the handle.
RELCAPITAL Falling after ABCD pattern. NSE:RELCAPITAL ABCD Pattern done, Stock touched 161.8% of fibo (725). now stock just hovering around "B" level aka 540/550. 495 & 440 is next support zone. Watching price action (Bullish candle etc) here. Neutral as of now.
RELCAPITAL bouncing from breakout zoneRELCAPTIAL price action is bouncing from the cup and handle breakout zone 530/570 ready for target 900+ keeping stoploss below 500.
RELIANCE CAPITAL BUY setupBuy RELCAPITAL between 525-540.
We can clearly see a strong region of support and it happens to be a conjunction of trend line support and 200 day SMA.
T1: 570
T2: 610
T3: 650
T4: 700
SL: 495
REL CAPITAL BreakoutRELCAPITAL crashed down after a good 3 month up movement.NOw its retesting the possible resistance turned support level.
Also its a 618 FIB level on the neckline to bounce back or breakdown from.
REL CAPITAL Channel BreakoutRELCAPITAL is moving in a long time up channel all of 2017.
Curently on the edge of it, for a breakdown or reversal as usual.
Ascending Triangle on RelcapitalScript - Relcap
Pattern - Ascending Triangle
Breakout - Long
Trend - Neutral
Trade:
Position - Long
Entry - above 813
Exit - 846
Stop loss - 790
Relcap - Fuelled enough for upmoveStock witnessed a sharp fall from the top (700) to 38.6 % Fib Level (543) and then Bounced back to 23.1 % Fib Level (600)
One can go long in the stock at 600 with Stop loss of Latest Swing low (582) with a target of 690.
Can it Break through 5 Point Resistances?NSE:RELCAPITAL 1.55% Has been trending Downwards and had took the pull back for such an impulse move forming a bearish Flag ...now looking at those level where it pulled back their MUST need HUGE..HUGE Buying Power to Cross These 5 Resistances:
1. 20 EMA
2. 50 EMA
3. Trendlines
4. 38.2 Fib level
5. Formal Resistance
IF it Find Resistance Near those levels We can Short for Target at 575, 565, 552. But, If it Crosses with strong Impulse Better Stay away :)
RELIANCE CAPITAL - BREAKOUTOn 16 th March, the stock went above the blue line and closed above the high made on 23 Sep 2016.
Givig a breakout with large volume.
After that it consolidated and now today, again has given a good upmove with volumes, breaking out of the latest high of 614 on 17th March ;
by making a high of 619 today but closed below the high at 610.
Keep this stock in watchlist for the coming days.
BharatFIn too showed similar strength today, maybe something's cooking in this sector.
RELCAPITAL - LongRelcapital has formed Rectangle channel. It is currently sitting on the resistance line. Long can be initiated with Green line as target.
