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RELIANCE in Bearish Trend: Should You Buy or Sell? Based on the chart, RELIANCE INOS is in a bearish trend. The price has been falling for a while, and it is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound. Here are some of the key observations from the chart: The price has been falling for a while, forming a series of lower highs and lower lows. This indicates that the bears are in control. The price is now at a support level of 2313.95. If the price breaks below this level, it is likely to continue falling. The price has been consolidating at this support level for the past few days. This indicates that there is some buying pressure at this level. The volume is relatively low, which indicates that there is not a lot of interest in the stock at the moment. Overall, the chart suggests that RELIANCE INOS is in a bearish trend. If the price breaks below the support level of 2313.95, it is likely to continue falling. However, if the price can hold above this level, there is a chance that it could rebound. Conclusion: Investors should be cautious about buying RELIANCE INOS at the current time. The stock is in a bearish trend, and there is a risk that it could continue to fall. Investors should wait for the stock to show some signs of strength before buying.
NSE:RELIANCEShort
by TRADING-NASA
BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )Price Analysis Current Price: $28739.02 24-Hour Change: 1.88% Circulation Supply: 19.52M Trend Analysis Technical Indicator : Strong Buy (On Daily Basis) Moving Average : Strong Buy (On Daily Basis) Overall Trend : Strong Buy (On Daily Basis) Key Support and Resistance Levels: Support Level 1: 28125.4 Support Level 2: 27850.3 Resistance Level 1: 28639.0 Resistance Level 2: 23378.7 Moving Averages: 50-Day Simple Moving Average (SMA): 26790.70 ( Buy) 200-Day Simple Moving Average (SMA): 27772.0 ( Buy ) Relative Strength Index (RSI) Current RSI: 67.237 RSI Interpretation: Buy Zone Volume Analysis Trading Volume: $14,616,751,761 Volume Trends: Increasing in Nature Candlestick Patterns BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ). HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ), During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ). Conclusion The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M. It's essential to exercise caution and apply risk management strategies in your trading decisions.
Long
by tradewith_ritik
Bajaj Electricals IBZ Bajaj Electricals has approached its institutional buying zone and is rangebound over a long horizon as clearly visible. position Sizing is recommended... What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown. Keep It simple
NSE:BAJAJELECLong
by Krish_Kohal
Unpacking KSB : From Breakout to Retest - What's Next?Hello Traders! Today, we're going to take a deep dive into the technical analysis of KSB , a prominent company known for manufacturing valves, pumps, and more. 🔍 Understanding the Chart KSB has recently made an all-time high on 23rd August 2023. Interestingly, it broke this all-time high on 21st September 2023 with impressive volume. The stock has now returned to its previous all-time high to retest the breakout, but with very low and decreasing volumes. This pattern suggests that it's a retest of the previous all-time high breakout. Entry Point : The stock is currently trading at 2864. We may plan an entry at this level. Stop Loss : The stop loss will be around 2840. First Target : The first target will be at least 2960. Second Target : The second target will be around 3030. 📊 Fundamentals The fundamentals of KSB are strong, with the company posting impressive quarterly results. You can check the details below image: 🔔 Upcoming Events :The company is expected to post its quarterly results in the coming days, which could potentially impact the stock's performance. 📚 Key Technical Terms Explained All-Time High (ATH): The highest price ever reached by a stock. Volume : This refers to the number of shares or contracts traded in a security or market during a given period. Retest : This is when a stock moves back to a price level it has previously broken out from, often to confirm that level as either new support or resistance. 💡 Conclusion Remember, this analysis is for educational purposes only. I'm not a SEBI registered analyst. Always do your own research before making any investment decisions. If you found this analysis helpful, please press the 🚀 icon, leave a comment, and follow my profile for more updates: in.tradingview.com Thank you for your support and feedback!
NSE:KSBLong
by AfnanTAjuddin
8
MMTC's Rounding Bottom BreakoutHere's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough. Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC stays above 43, a key level indicating pattern strength. This is a medium-term trade with targets set around prior resistance levels and the rounding bottom's projected completion near 65. Remember, this information is for educational purposes and not financial advice. Manage your trades wisely and consider setting appropriate stop-loss levels to manage risk.
NSE:MMTCLong
by sandeshprabhu85
2
Jublingrea RangeboundJublingrea has formed a beautiful upward channel and is rangebound with a buy at low sell at high and sell at high buy at low move. It has pulled towards trend line on low volume. This is a risky trade as if the lower trend line breaks, the move has come to an end hence I would suggest risking less than what you usually risk at first since risk to reward is 1:5 making it an A+ setup. We should position size.. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more positions once 50EMA breaks and tighten the stop loss. Keep It Simple
NSE:JUBLINGREALong
by Krish_Kohal