RECLTD trade ideas
RECLTD 147.5 || LONG || INTRADAYBUY above 147.5 SL 147
Targets 148, 148.5, 149, 149.5, 150
OR
RECLTD 26SEPT 147.5 CE (₹3.55)
Bearish ABCD - RecLtd - 4Hr Bearish ABCD - RecLtd - 4Hr
PRZ: 151.30 - 151.45
Bearish Butterfly - 4Hr
PRZ: 151.85 - 153.5
Daily Supply Zone - 151.45 - 155.05
RECLTD SYMMETRICAL TRIANGLE BREAKOUTBREAKOUT AT 150.65
SYMMETRICAL TRIANGLE EXTREME HIGH AND LOW DIFFERENCE TAKEN TO PREDICT THE TARGET
IN THIS CASE HIGH TAKEN 155.20
LOW AT 128.70
DIFFERENCE 26.5
TARGET WILL BE 150.65+26.5=177.15
STOPLOSS IS PLACED AT LOW OF CANDLE BREAKOUT THAT IS AT 144.45
RECLTD 140.30 || LONG || INTRADAYBUY above 140.30 SL 139
Targets 142, 145, 148, 150
OR
RECLTD 29AUG 145 CE (₹1.80)
Next SWING UPSWING Setup: It can bounce on trend-line if not on support zone. Possibility of reaching 150/165 in few trading sessions. Entry can be done between 142-144 as price forming bullish harami on hourly on daily support zone.
RECLTD inside bar Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
