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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
Zomato's Potential Trajectory: From 96 Breakout to 115+ Target**Trade Idea:** If the price manages to breach the levels of 95.5 and 96, the next target is likely to be at 100 Rs. This could potentially be achieved within a span of 5-6 days. Following this achievement, the 100 Rs. mark might act as a psychological resistance point. However, there's a possibility of the price briefly touching around 104 Rs. in approximately 1 week, before retracing to around 99 Rs. Beyond this phase, the target could potentially surge to 115 Rs. or more, over an estimated timeframe of 3 weeks. Note: Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 100 2nd Target -->104/105 3rd Target --> 115 Thanks Kambi
NSE:ZOMATOLong
by kambi123
3
Dual Bollinger Band Jackpot Strategy.This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:- Bollinger band (20,2) and Bollinger band (20,1) Volume MACD Trade Setup for Long:- 1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE. The BREAKOUT CANDLE should have following properties; a) The volume of this candle should be greater than previous TWO CANDLE's volume. b) MACD histogram and MACD line should be greater than zero. 2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE. And that RED CANDLE should not touch the BASIS. TIMEFRAME:- DAILY CHART. When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE. STOPLOSS is 1 point below the low of BREAKOUT CANDLE. TARGET is 2 times the STOPLOSS. DISCLAMER:- this is for educational purposes only. DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.
NSE:JSWENERGYEducation
by anuragsahu614
2
$TORRENTPOWER - Weekly Chart AnalysisSince Nov21 the stock was trading in the range. It broke out with good volumes in the end of June23. It made a huge wick on the upside which shall be concerning but it can be the profit booking. It has retested the breakout levels recently. Last week we saw good buying coming in with volumes. For further confirmation, we should keep a watch on it and wait for a weekly close in the range or above 633-650 (Orange lines) with good volumes which may confirm further move. Stock is also trading above its key moving averages which builds our conviction. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you want to trade then please due your own due diligence and trade at your own risk.
NSE:TORNTPOWERLong
by marketmoneymohmaya
$IRCON - Weekly Chart AnalysisA new all time high close. Stock was consolidating for a while now and have gave a strong breakout of that consolidation. It's kind a flag pattern breakout too. All the key MA's are rising too. If we draw a trend based fib extension than ideal levels it can test is 100 (~161.8%) and 114-115(200%) is which we get. An ideal pullback to the breakout levels can be the best entry points with low risks. Disclaimer: This is just an analysis and should not be considered a buy/sell call. If you intend to trade this counter then please do your own due diligence and trade at your own risk.
NSE:IRCONLong
by marketmoneymohmaya
2