Breakout RelCapitalReliance Capital can be bought now if sustains above 780 for target of 800. SL 760.
Complete august future holding setup.
RELCAPITAL trade ideas
RELIANCE CAPITAL : SHORTING AT THE RIGHT TIME.Reliance Capital has been moving in a Northward Sloping Channel.
It formed a Ascending Triangle & then gave a Brilliant Breakout Yesterday.
Since the Breakout has happened with decent volumes, a small follow through is expected till 740/760 levels.
The stocks behavior clearly shows that breakouts with high RSI usually undergo a slight pullback.
740/760 levels are also resistance zones, hence i expect the stock to undergo regression to the mean of 20 SMA.
Approximately pulling it back towards 700/690 zones.
Short this stock if it gaps up & moves in this range & sit back with a very small 15 point SL from your Entry.
Strict Stop at 775, for targets of 700/690.
Short Reliance CapitalMoving in a channel, Nearing upper band of channel.
Short by selling out of the money calls. Calls are expensive.
Short 780 calls, now trading at 12. SL 18. Tgt 0 if held till expiry.
Double Top - ShortRELCAPITAL has made double top on daily charts, one can short for 630, 620. SL 660.
RELIANCE CAPITAL stock after strong up move
went into consolidation
might resume the trend once it crosses 660
towards 670/680/685
risk management levels around 849
RELCAP: More Correction Ahead.RELCAP: More Correction Ahead.
Till Now made 0.333 Fib Retracement .
Possible Parallel Channel Breakout.
If Confirm (Close Below @ 638.4 for two Consecutive Day)
Healthy Correction 0.618 Fib Retracement @ 587.90 Can't Rule-out .
Technical indicators Looks OVERBOUGHT.
Suggests Sell on RALLY.
Best SHORT : @ 652 -@ 663
Intraday Res: @ 649, @ 652.3 - 654.7 (HZ) , @ 661
Intraday Sup: @ 638.4, @ 635.2 - @ 632.8 (BZ) , @ 626.5.
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Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
Reliance CapitalBottoming out process is about to finish once it closes above 600. Next levels to scale are 640-670-690. SL below 570 is gud.
trade with bullish engulfreliance capital is set for ipo for it's insurance arm consolidation around six hundred is seen one can go long for tgt of 635
Relcap - Fuelled enough for upmoveStock witnessed a sharp fall from the top (700) to 38.6 % Fib Level (543) and then Bounced back to 23.1 % Fib Level (600)
One can go long in the stock at 600 with Stop loss of Latest Swing low (582) with a target of 690.
Reliance Capital: Another brick in the wallRel Cap
CMP 600.25
The stock has seen a nice bounce from the lows of 523 to 605 so far
How ever We can also observe a Flag & Pole pattern
& this is a conitnuation pattern where
Weakness might come in if it goes below 584
Also from charts one can observe that 600-622 is an important zone to watch out for as it might act as resistance
Target zone in that case 568-558 initially where it will need further review
Stop a tad above 622
A safer strategy :
One may consider selling
Reliance Capital June series
Option Type: Call Option
Lot Size: 1500
Strike Price : 610
CMP: 14.50
Profit is limited to 14.50 points per lot but importantly it protects from losing money for rise up to 624.5 till expiry day. That's a protection of 24 points per lot and that's a good protection taking care of Stop loss level too...
Do review your trading plan and plan your trade accordingly
Take care & safe trading...!!!
Can it Break through 5 Point Resistances?NSE:RELCAPITAL 1.55% Has been trending Downwards and had took the pull back for such an impulse move forming a bearish Flag ...now looking at those level where it pulled back their MUST need HUGE..HUGE Buying Power to Cross These 5 Resistances:
1. 20 EMA
2. 50 EMA
3. Trendlines
4. 38.2 Fib level
5. Formal Resistance
IF it Find Resistance Near those levels We can Short for Target at 575, 565, 552. But, If it Crosses with strong Impulse Better Stay away :)
Reliance Capital:- Things looking brighter againCMP 584.9 Stop loss 555 Target 595/615/630. Both MACD ,RSI turning bullish on the chart frame.
RelCapital - June 2 Day Trade!Price action is consolidating inside a triangle indicating triangle break. Buy above 556 with the stoploss of 552. Targets are 561, 565 and 570. Sell below 552 with the stoploss of 555. Targets are 549, 545 and 540. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 1st 2017 only.
Reliance Capital a longer term buy !!Buy for tgts 955 / Higher,
Stoploss : Just below 407
Buy & Accumulate on dips strategy
RELIANCE CAPITAL - BREAKOUTOn 16 th March, the stock went above the blue line and closed above the high made on 23 Sep 2016.
Givig a breakout with large volume.
After that it consolidated and now today, again has given a good upmove with volumes, breaking out of the latest high of 614 on 17th March ;
by making a high of 619 today but closed below the high at 610.
Keep this stock in watchlist for the coming days.
BharatFIn too showed similar strength today, maybe something's cooking in this sector.
relcapitalits in intermediate uptrend ,chart suggest uptrend can continue till 580 , one cam buy with 525 sl for 580
RELIANCE CAPITAL BREK OUT ON WEEKLY CHART TGT 580REL CAPITAL weekly chart show break out of trend line
stock given close above 200 ema and retrace up to trend line
buy this stock with target of upper swing 580
Relcapital - ExpandingClear breakout after expanding triangle concluded ....Missed to Buy at X ie 475 around ... now will wait for fresh entry
RELCAPITAL - LongRelcapital has formed Rectangle channel. It is currently sitting on the resistance line. Long can be initiated with Green line as target.
