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Relianceforecast

RESULT OF LAST WEEK ANALYSIS OF VARIOUS SCRIPS PART -1Hi 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 satisfy his ego writing these words. So being a "amateurs and non -professional" analyst I try to compare the accuracy with so called highly professionals. Though at one point he accepts my analysis make money but with above mentioned words. Reliance Industries In my first post and second I mentioned is quoting for your consideration" if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days.( first post statement). you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. if tomorrow it fulfill this taken out condition the see rally.(in second post ) ". You can see price gave rally and touched my red line then came down little. This is the accuracy of amateur analyst. Next week trade plan 1, You can see the white circle the blue zone is taken out on daily basis with good volume also circled in white . So price is expected to move up with certain conditions. 2. I made a micro zone this can act as resistance for time being and target is the upper red line . Those who want to take longs ,they will have to wait till price move down to blue zone. But it does not mean price reached near it and you jump into trade. wait to see whether price stays at this zone or going to break it. 3.If yellow trend line is breached then it can be signal of weakness so do not take long til you get buy setup. In any case prices takes out blue zone on lower time frame then no trading either long or short. Wait for next day if price continue to move down then short with sl of upper band of blue zone. 4. Chances if not taken out micro zone then range bound can happen for day or two. Both arrow showing the direction after these levels. Maruti Compare my last statements for this scrip with this week move. 1. In my last post what is said quoting for your consideration " you can see in two days trading price did not close above bull candle in green still not activated so no long can be initiated. see beauty of analysis i made red dotted line price in two days did not dare to breach this." You can see when price activated this pattern a rally is seen which is not completed yet. The dotted line of lower side could not breach that see what is accuracy Mr.troller ( gann elloit trader) of amateur .By writing that name you can not be gann or eilliot just learn etiquette to write and search the real meaning of criticism. If you want to satisfy your ego go somewhere else . My analysis will not give you that privilege to satisfy your ego. The people like you can not even understand that language. Because mind set is in denial mode not in acceptable mode. 2. yellow dotted line is first target of longs from there price can go into consolidation for time being. Rest market will decide. Yogesh vats.
NSE:RELIANCELong
by yvatsji
6
REPORT OF STOCKS ANALYSED ON LAST WEEKEND PART-1RELAINCE INDUSTRIES In last post I gave two dotted lines one red and second yellow. What i mentioned quoting '" IF red dotted line is taken out on smaller time frame of 1 hr then then you will see rally to red line in coming days." you can see lower yellow dotted line is intact and price breached upper red dotted line but not taken out on either 1 hr and daily time frame. If tomorrow it fulfill this taken out condition then see rally . on the contrary yellow dotted line is taken out the this scrip can be range bound. bullish engulfing pattern is activated now. SBIN In last post I mentioned is quoting " those who want to enter long they should consider red dotted line as sl and get get long side position till that dotted line is breached." you can see in two days bnf gave big volatile moves but price did not even come closer to red dotted line. Today it breached green dotted line but not taken out. Now scenario is little different Those who are long can be long till pink sloid line is taken out on 30 min timeframe. And those who want fresh entry in long side should wait to go long when green dotted line and pink dotted trendline both are taken out on 30 min timeframe. Those who are not aware of taken out condition they can see attachment where I discussed in detail. HDFC BANK In last post I mentioned is quoting " now to invalidate the effect of this pattern further price have to take blue zone out on 2 hrs tome frame.only then reverse sentiments will apply." You can see I was taking of week structure of hdfc as compare to Icici bank because of an evening star pattern and told you the condition for discontinue the effect seeing to down side for last couple of days by fulfilling the condition of blue line. But two days trading after my post the effect of an evening star is neutralize by the bullish harami which I circled in white. And today candle activated it for long side. Now long can be initiated with the sl of red dotted down side line slightly below it. Because blue upper line condition I mentioned in last post is not fulfilled. So I suggested this sort of sl with the target of red channel upper band. Rest market will decide. YOGESH VATS Note. To better understand compare with my previous post of these scrip. All trading positions should be initiated by consulting your financial planner.
NSE:RELIANCE
by yvatsji
22
RELIANCE IS READY TO GO IN UNCHARTED TERRITORY SEE HOW !! HI Traders/Investors, Two week ago I posted my analysis on this stock giving conditions for trades . Let us see reliance followed which and how ? In point no.3 " A green means white zone is not taken out then price will move to blue zone and red will be crossed easily." See price did not even dare to visit white zone and see red is crossed easily. I did not use taken out for red zone instead use crossed easily. That is the beauty of words I use in my conditions to manifest next move prior it happens. I could use these words because I know where structure can change and respond. All my charts are full of these examples. More than 140 ideas are corroborating this fact. That is why I say many times the words I use should be seen in that context. People miss them and go wrong. Those understand earn a lot. Bad trades and good trades are written regularly in nifty and bank nifty post comment box by traders. Even those who trade in stock they also write both trades, many of them accept their fault to understand the word in right context. Now I circled a pattern called bullish engulfing which is not activated yet But the beauty of this you will not be able to see in any books . I tell you the characteristic of this . See a big bull candle covered the last three days small candle on good buy zone with good volume Its effect would be seen if red dotted line is taken out on smaller time frame of 1 hr then you will see rally to red line in coming days. If not taken out then and this pattern low is taken out on smaller time frame then good fall . When this sort of pattern are failed then fall becomes worst. I try to provide practical knowledge when i get that sort of setup.In every post first I prove my statements then I write manifested move. Not like others given target missed new target. Basically they don not know stock market is language of probability which they do not use in their analysis. I know this statement of mine will hurt their ego instead of learning new concept some of them to satisfying their ego to troll me taking out silly points that my charts are very cluttered. In my life I appreciated the people who taught me new concept to attain this level. So my dear friends rather than to depend upon machine signals train your eyes and mind to find structure market is performing. There are many who are good but this is for those who not egoist rather good seekers. Sorry for this offence. You are not my competitors rather co-analyst. Please think over it.Rest market will decide. YOGESH VATS NOTE- All trading and investing should be done with the advice of your financial planner.
NSE:RELIANCE
by yvatsji
18
WILL RELIANCE GIVE CHANCE TO INVESTORS FOR ENTRY SEE HOW ?Price action Picture going in Reliance . 1. Reliance has started the process of Re-accumulation by making An evening star pattern circled in green . This is perfect and activated also. Made on strong zone , there fore , got activated. Since it is process of re-accumulation so It should spend time in this process . When this process is activated by smart money then price forms range . Upper range in form of an evening star pattern has already made . Now price will make lower range . 2. The effect of an evening star has seen in fall can be extended further. See I made red zone If this is taken out up side then lower range will be formed and price will move to upper range in blue zone. On the contrary if price fail to take out red zone then it will move to white zone. some times move goes into extension then yellow zone. For extension same condition price should take out white zone . 3. I have made three arrows showing different sentiments . A green means white zone is not taken out then price will move to blue zone and then red will be crossed easily. Pink means price could not take out red zone so will move to white zone. A red dotted shows down move of extension to yellow zone. This is how price will move in coming days in this stock. 4. Use zones as stop loss and time your trade in direction of taken out and not taken out conditions. These zones should also be used as exit points. 5. Investors wait to form lower range of price either white zone or yellow. Then can board bus to long sides. 6. One of my followers requested for this analysis its for you and all those who trade in this stock . For investors who want to become part of reliance. In this manifestation conditions are important to follow. This is complete package in form of setup trade entry , stop loss and exit. Use with conditions you will be benefited. Rest market will decide. Note . All trading and investing decisions should be taken by consulting your financial advisor. YOGESH VATS
NSE:RELIANCE
by yvatsji
25
Reliance Industries | Double Bottom Double bottom pattern spotted in Reliance. Pattern is confirmed as price has broken above 1290. Pattern suggests a target of 1333. However by further inspection we could find a series of considerable resistance at 1300, 1308 and a trendline which might prove to be very significant. Though trading purely based on the pattern would suggest to initiate longs, the suggestion would be to trail stop loss, so that we could reduce the probability of loss in case if the stock react to any of the upcoming resistance. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:RELIANCE
by AkhilSuryaFS
Reliance | Head & Shoulder patternHead & Shoulder pattern observed in Reliance. However the pattern is yet to be confirmed. So, take bearish view only if neck level of H&S fails to hold as support. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:RELIANCE
by AkhilSuryaFS
2