Reliance "6" Days ChallengeExpecting Reliance to " HIT " 1580 levels within a week
if its sustain above 1475 levels
----Tradersspot
#Only Consider for Educational Purpose,Trade at your own risk
Ril
Educational Idea given on RIL candlestic chartsEducational idea given on Candlestick charts pattern on RIL Share. Candle charts are not generating any trading ideas but provide the high probability that the stock move is going as per given direction. Check on daily charts all the conditions are fulfilled when we see the Shooting star candle visible on RIL share will go step by step .
1) After uptrend Shooting star visibility means the probability of stock to move in downtrend now.
2) Keep the Stop Loss on the top wick or just above as shown in image.
3) Keep the target 1:2 at least or as per your reward to risk ratio.
4) Book the profit & exit trade. See the power of shooting star candle.
Already above idea given to our members and now sharing with you for educational purpose. in case any doubt please feel free to ask & start following will share more educational and profitable ideas with all of you.
Positional trading view - Reliance Buy Reliance at CMP - 1462
SL- 1400
T - 1600
These are positional targets and trail SL once above buy cost.
SHORT RELIANCERIL has been taking support at this trendline and if this breaks, it can lead to good breakdown!
Brave Call - Sell Reliance IndShort reliance for intraday or 2-3 days of position.
Sell below 1420 with SL of 1450
Target- 1395, 1350
Reason:- Decrease in volume and decrease in price along with bolinger bands shrinking and huge resistance is being face in 1500-1420 zones.
RELIANCE UPSIDE NOT QUANTIFIED, FALL JUSTIFIEDTechnically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390
22/04/2020 Closing 1363 Spot. Little Upside Steam Still Left in Reliance upto 1385-1400 range.
Short at 1370-1400 Range with SL as 1440 for Huge Downside Targets
Note: Any views expressed here should not be relied upon as advice or construed as providing recommendations of any kind. Strictly for Educational Purposes. All trading strategies are used at your own risk.
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 has closed at an interesting spot. Buy with a S.L 1430.Reliance has been giving positive signals on various parameters.
Buy for targets exceeding 1470-1495, keep 1430 as stop loss.
Options Open Interest positions are looking encouraging, futures' build-up suggest shorts covering.
Go long near closing price and keep a stop loss og 1430. 1460-1470-1495 can be expected in near future.
RELIANCE | Fibonacci Strong Support And Resistance LevelsRELIANCE | Fibonacci Strong Support And Resistance Levels
Ril longril long at givin point and get book profit.
you get 1:4 RR ratio.
that meansgood profit.
there is gap up so ril come at that given point to fill that gap.
RELIANCE INDUSTRIES CAN FILL THE GAP RELIANCE INDUSTRIES HAS GIVEN A BREAK BELOW SUPPORT OF 1225 & CAN NOW BE EXPECTED TO FILL THE GAP. HIGH RISK TRADERS CAN SELL WITH A PROTECTIVE SL ABOVE 1252 FOR TARGET OF 1175-1180.
Reliance final destination!!!Bearish Divergence found on RIL on a large time frame of approx 10 months!!! Rise on sell or Just aggresive sell??? Please give your opinions guys!!! Thank you!!!
RELIANCE 15 MINS chart with WIDE AND NARROW CPR...In this Reliance 15mins chart we can find wide and narrow CPR both back to back... Please follow the CPR method for Intraday trades. Stop Loss will be affordable and sizable with a bigger reward. Please back test wide and narrow CPR in your favourite charts and write back to me on this topic . NEXT is Virgin CPR which is the most important topic!!! Keep learning and earning!!!
Please click on the ANCHOR note in red and yellow box respectively to read the explanation.
