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RELIANCE CAPITAL LTD.RELIANCE CAPITAL LTD.RELIANCE CAPITAL LTD.

RELIANCE CAPITAL LTD.

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RELCAPITAL trade ideas

WEEKEND EDITION:------Understand the nature of the stock.Sunday is a fun day. Just thought to write on something where most of us would connect. I would like to suggest something for the new entrance in the stock market. It’s my humble attempt to share my experience whatever little I have as a trader, investor. 1. When you plan to start trading, first choose 10 stocks which you feel are good. I preferably suggest to select stock which has future n options. It would be good keeping long term goal in mind. Now the question arises how to differentiate stock for trading. See the business where the scope of innovation is higher. 2. Just watch those stocks diligently on daily basis .Analyze their high, low and close every day. Right it down in your diary or collect data online. Compare it with index as to how a particular stock behave when market gaps up, gaps down or consolidate. 3. Gradually you will discover that you know this stock from ages & its trend is your good friend. You will know when it is happy, sad or sober. Now go with the flow. Out of ten, seven times stock would act the same way as you may have anticipated. 4. Now just see your trading diary (I assume you maintain it), you will see profits coming and are more frequent. Losses would still come but minimal. You like the green color of booked profit section. 5. Just to give an example, Before 2008 crash, reliance capital used to trade around 2000 odd levels & most of the time it would do nothing whole day till 2.55 P.M., and between 2.55 P.M. to 3.30 P.M it would up or down by at least 3% . So, wanted to bring home these points. May be someone gets benefited. About the chart posted:-------- Here i am posting monthly chart of reliance capital. See how beautiful was the up move from November 2006 to December 2007.People earned when it was going up, and earned when coming down.(ironically most people lost their money who were not aware about the NATURE of the stock). P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision. Wish you all a very happy and profitable trading. Thanks !!!!
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by sambhai
10
Reliance Capital : There Is Still Room Left For The Downside.... Dear Fellow Readers, The stock of Reliance Capital has been in the corrective zone since 2008 crash and, according to my opinion, the last leg of this southward movement is about to come to an end either in few weeks or few months. Those, who are long-term investors, who have already invested in the stock or awaiting for the Golden Opportunity to invest in shall accumulate the stock once it breaches below 226.05, the low of the primary wave (iii) of cycle wave 2, as shown in the above weekly chart attched with this post. Personally, I believe that the stock may get bottomed out at around 180 - 200 zone. For the short-term traders, who are risk takers, and have short position in the stock shall keep their position open, as it is expected that the stock of Reliance Capital may see the level of 365-375, the level where the short positions looks to be good to get covered or one may go long at that level for short term target upto 470. The chart in this reference will be updated periodically. Please, share your views, comments, critics, or any sorts of queries regarding this post. Your views, comments, critics or any queries on this post are welcomed. Disclaimer: All views, comments, posts, charts, and/or materials shared here is strictly for the educational purposes.
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by sgor1980
1