Reliancetrade
reliance pullback contra trade set up overall stock now in a bear grip , but looking at risk reward on trade side
a pullback can be expected
thus will trade in two way
if it comes at 1370/80 zone will short
or if comes at 1290/1300 will accumulate with stop mentioned
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)
Reliance retest...Guys RELIANCE retest for previous High... keep watch and stay tuned for further updates
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Mera Sapna -- RELIANCE Apna No Naked put /call or Futures positions:
Following 3 strategy :
1)Buy 1360 calls , Sell 1420 or 1400 or 1380 call
2) Buy April futures and Sell 1360 or 1380 April call
3) Buy 1360 call 2 or 3 lots and Buy 1-2 1360 put lots (Put : Call Ratio can be as per your choice )
My Position is 1360 call buy , 1400 call sell .
Please note :
Consult your financial adviser before taking any position in futures /options. Heavy risk of financial loss.
This is for learning purpose/paper trade.
