Probability Trade take with not more than 3% of the Principal;
Targets on the chart. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Note: This is for educational purpose only. Do not trade in F&O based on this analysis. 21 EMA has acted as a dynamic support previously. There seems to be a bullish bounce from 21 EMA again. Moreover, there seems to be a bullish trendline breakout in RSI as well. RSI above 60 indicates bullish momentum.
Reliance Industries is engaged in activities spanning across hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. The stock has declared EPS of Rs 20.69 during Q1FY21 as against full year EPS of Rs 58.20 which is ~36% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was...
This is Trade is derived as per Probability for Intraday Trades; Risk not more than 3% of your Principal amount;
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...
5th October saw huge profit booking in reliance against very good news of investments in Reliance Retail over the weekend. Investors are consolidating positions in Reliance. Overall, Heavy-weight like Reliance was in consolidation impervious to the trump's sign of relief. DOW^ has seen huge reversal from last market close to today open with Trump's health information.
THE STOCK HAS TAKEN SUPPORT AND SOON MIGHT GIVE THE TRAINGLE BREAKOUT. T2=2336 THESE ARE MY PERSONAL VIEWS, TRADE AS PER YOUR OWN ANALYSIS.
This is the Demand for Wave 5 of Wave 5 hence with this Buying the Uptrend will complete;
Target on the chart. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
From my chart last week, We saw the breakout as per the idea I had posted. Reliance is still BULLISH. Reliance Retail arm is still looking to add in more investments in the coming weeks. They've litreally put SoftBank on hold for investing in Reliance Retail. The deal of 20B$ from Amazon in Reliance Retail is yet to solidfy. Long positions away!
In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders. On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment...
follow the trend line to enter and place the stop loss 2-3% below trend line
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...
Off the rising Channel (pink ) Though inside the Wedge (rising or falling,...cant makeout) For the last one month (since July 22) its consolidating. RSI is at 50. To mit seems like a Flag & Pennant and the rise would come in the Q4.
RELIANCE has broken the major support and it has already given a bearish confirmation. STOPLOSS HUNT SEEMS TO BE OVER ABOVE 1.618
Note: This is for educational purpose only. It seems there is a good bullish momentum in Reliance. The price has not come below the Middle Bollinger Band for the last 1.5 months. RSI above 70 indicates bullish momentum as well. However, being overbought, expecting some consolidation to cool off. But overall strong bullish momentum.
Reliance has been in a severe uptrend and the retracements have been very minimal, which show that the investors are confident that Reliance will move higher and so they are holding onto their positions. Volumes have been increasing with increase in price, which confirms the bullish sentiment for Reliance. This is an educational post and all the opinions provided...