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Simple Trade Setup | RELIANCE |05-08-2021NSE:RELIANCE Trade Setup for 05-08-2021 Fresh Buy side entry only above 2110 level. All the levels will work as Support, resistance, entry and exit w.r.t price action on particular day near to that level. If you are already an experience trader then you can even short from the above levels. But if you want to take safe trade on buy side then better to follow the trade setup. My personal view is bullish on RELIANCE. Do comment your doubt or suggestion if any.
NSE:RELIANCELong
by Trading_hawk
1
RELIANCE || Simple Intraday Setup 30-07-2021NSE:RELIANCE RELIANCE is still having bearish trend. It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts, I will try to response as soon as possible.
NSE:RELIANCE
by Trading_hawk
3
RELIANCE TARGET HIT | TRADE SETUP 28-07-2021NSE:RELIANCE Reliance gave a good opportunity to short below 2070 level and hit our first target at 2055. Trade Setup for 28-07-2021. Today at the end of the day closed in the rage of our first target on short side 2055. Now this level will work as our entry level for short side. If it takes the resistance from this level and then our next target for the short side will be 2035. I don't see any movement below 2030 at this moment in Reliance. Hope you had a good profit from this trade today. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:RELIANCEShort
by Trading_hawk
Target 2 hit today in Reliance | Simple Intraday Setup 29-07-21NSE:RELIANCE RELIANCE is still having bearish trend. For Intraday trader, you can play between the levels marked on the chart. If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you get the 15min or at least 2 consecutive 5min candle to consider as breakdown or break out. Trade with SL. Hope my ideas are helping you to understand levels, price action and taking the trade from the right level. Do comment if you have any suggestion or doubts.
NSE:RELIANCE
by Trading_hawk
RELIANCE REVIEW-23-07-2021 | Levels and Target 26-07-2021NSE:RELIANCE Review Today, 23-07-2021, Reliance opened with gap up to trap trader with bullish sentiment. And couldn't able to hold even above 2110 level. But the good thing is, on daily chart it took support from trendline and also closed above 21DMA. This level above 2100 will be immediate support zone for RELIANCE. After that it has support zone at 2075-2080. Bearish trend will start only above this range 2075-2080. Above 2100 it has strength for bullish trend and above 2127 Bullish trend will be strong. Levels and Target for 26-07-2021. Since today it will have Result, so if market loves the result then on Monday it will definitely go wild. But as a trader we have trade in our pre-decided strategy and with entry levels and target. Bullish trade entry can be made only above 2127. And also avoid first 20-25 minutes to enter in trade. Otherwise it will happen like today, it will give gap up opening and trader will jump in to buy trade. Never chase a gap up opening. Let it get settled for 15-20 minutes minimum. Hope my trading ideas are helping you to understand price action and levels. Do comment if you have any doubt.
NSE:RELIANCELong
by Trading_hawk
8
Reliance - Wait for breakoutReliance Industry seems to have a breakout from a triangle pattern, so give an entry with appropriate Stop loss only after its breakout 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:RELIANCELong
by PrakWorld_Traders