Note: This is for educational purpose only and do not trade in F&O. There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI). SL: 1825₹
*Study is based on Futures Reliance has managed to crossover the trendline in daily charts today. What we have to watch is if it manages to hold because if it does, we might see a bull rally which will take the prices above 2000 levels. Aggressive or risky traders can buy once RSI manages to cross 50 levels in Intraday charts with a stop loss of 1950.
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be...
Note: This is for educational purpose only. There seems to be a bounce back from support on 1 hour - 4 hour timeframe with increase in volume.
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be...
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Hi Traders/Investors, 1. On may 30,2020 I posted my first analysis on this stock till now even a single week missed my targets. Providing all statements chronologically as proof of precision with figures and dates for your consideration. In point no.1 of the same date, I clearly mentioned " Upper range in the form of an evening star...
Hii this is trader Kanishk This is the analysis of RELIANCE Here the phase is very volatile and we don't have to took long position in RELIANCE without confirmation . Reliance is an uptrend stock of=n each and every time frame. we can take our long positional trade in RELIANCE but after confirmation. Watch this complete video i've discussed everything. this is...
Hi traders/Investors , Last week I shared few scrips movements and now compare them with this week move . Whether this amateur and non professional analyst can make people earn money or not . This is the statement of only one of my respected trollers who himself is not able to publish a single idea on platform but very eager to...
It is not yet conformed that the stock will move up or go down, wait till it give any confirmation. A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a...
Strong resistance - 1602 Strong support - 1505 today's RIL range bound between 1602- 1577 1577is minor support
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Volume vs. Price Action: Points to be focus on: Gap (run away type) Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle) sequence of tails (sign of existence negativeness) Interruption began to push price upward. Red Alert : sellers will take action on the Red Alert zone 1542 to 1490,...
Channel move . Lower part of Channel is support which if broken can damage the current uptrend
A Bullish Harami Cross pattern has been observed in daily charts of ONGC stock. It is a good bullish reversal pattern, which is even more significant than a regular Bullish Harami. Recognition Criteria 1. The market is characterized by a prevailing downtrend. 2. A red body is observed on the first day. 3. The Doji that is formed on the second day is completely...