DAAWAT
CMP: 77
- Bounced multiple time from its previous breakout level (60-62)
- Consolidating between 60 to 85 from 9 months
RELIANCE
POLYMED
CMP: 851
- Trading above box breakdown level (820)
- Facing resistance near 200 ema
- We may see good move once it crosses 200 ema
ACRYSIL
CMP: 838
- Trading in an Inverse Head & Shoulder pattern near All Time High (928)
- I will enter only above today's high (870)
reliance28/03 educational purpose only
hourly chart of reliance future
buy on dips (positional), cmp 2604.30
sl below 2550
target above 2750
RRR 1:1
Reliance IndustriesCurrently trading at 13% discount from all time high levels.
Reliance (TF=W) :
1. Stock has always respected 50 Weekly Exponential Moving Average
2. Constantly making the structure of HH and HL. Currently made Equal Low.
3. Negative Crossover of 5 and 13 Weekly Exponential Moving Average
Reliance (TF=D) :
1. It has made very strong bullish candles on Support with very good volumes
2. Negative Crossover of 5, 13 Days Exponential Moving Average
3. Currently at good levels for Long term investment. For positional trade, need to wait for some retracement to enter.
Additional Points:
1. Mutual Funds have increased holdings from 4.60% to 4.82% in Dec 2021 qtr.
RELIANCE INDUSTRIES SWING TRADEHello, reliance industries mid-term swing trade buy: 2,570 targets: 2,750/2,820 stoploss: 2,508.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline and static resistance & buying on pul back (targets identified from harmonic xabcd pattern level 1.131) stoploss is taken low of breakout candle. Stock looks good for swing trade & can go upto all time high. NSE:RELIANCE
RELIANCE OPTIONS IDEA Bullish momentum is over now its time for bearish. 2460PE 31MAR2022 expiry will perform nicely. OI also good at this level.
The above analysis is my view only. The market can turn any side anytime, depending on several factors so protective play is always safe.
If the bull power is so high above the current price it must cross the gray box Supply zone. Anyway stay alert to come out if you are going to lose.
Never take risk all your Capital, Tray to stay in the game by protecting your capital. Hope never makes you win only Technicals and your mindset makes you win.
Note: I'm not a financial advisor or registered analyst please follow the expert's ideas before you trade.
If you like or win from my idea please like and comment to encourage. Ask me if you want any chart analysis.
VIPIND
CMP: 642
- Taking support near 100ema
- Consolidating near All Time High
- Expecting an up move very soon
GOKEXGokaldas Exports Ltd
CMP: 416
- Highest quarterly profit
- FIIs & DIIs increased their stake massively in the last 3 quarters
- FIIs (5 to 12%)
DIIs (4 to 26%)
- Cup & Handle pattern breakout near All Time High (428)
Reliance to hit 5000 soon really ??? Shocking OMG ???Above 2560 RIL can hit 2800 soon.....
Relatively Stronger than nifty and
ADX DI is given bullish indication...
Recently Moving Average Cross over done
All in one word : RIL looks Bullish
YR 2022 Idea #11: Long on RELIANCE This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
SHOPERSTOP
CMP: 411
- Rejection near resistance
- Need a weekly close above 424
✅Added to my watchlist
GREAVESCOTGreaves Cotton Ltd
CMP: 190
- Almost 40% down from its All Time High
- Bounced from 78.6% fibonacci retracement level
- Taking support at 200ema
- Better to wait for the retest instead of rushing into the trade with full capacity
RATNAMANICMP: 2288
- Low volume stock
- Trading near All Time High region (2335)
- FIIs & DIIs have increased their stake in the last few quarters
- QoQ Increasing sales
DELTACORP
CMP: 313
- 6 months box consolidation near 4 years high
- Taking support at 200ema
- I will wait for 295 to 300 range to enter
SYMPHONY
CMP: 1111
- Took support around 820 multiple times
- Formed Triple bottom
- Descending Triangle pattern breakout
RELIANCE INDReliance has given breakout of resistance trendline on daily chart along with very good intensity of volume, also it has been closed above 20WMA (Weekly Mid Bollinger Band)
in addition to this macd in weekly is about to turn positive and daily has done positive crossover few days back, which is now uptick above zero line.
Possibly wave 3 of 3 can now unfold. On the way up, it can rise higher towards the upper end of the rising channel which is currently pegged at 2918 coincides wave 1 and 3 both will be equal at nearly at same level.
On the way down, RK's stop line and 20WMA , currently pegged at 2416 and 2340, will provide support in forthcoming weeks.
RK's Magic positive signals to go long
breakout on daily time frame with good volumes
weekly chart some findings are mentioned in snapshot
macd in weekly uptick above zero line
macd in daily positive
rsi in daily chart uptick and now at 60.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
