RELCAPITAL trade ideas
RELIANCE CAPITALAS PER ICHIMOKU NUMBER THEORY, THERE MIGHT BE A REVERSAL IN RELIANCE CAPITAL SHARE PRICE.
BUT, ON THE CHART IT IS BEARISH EVERY WHERE.
BE CAREFUL BEFORE YOU SHORT FOR THE NEXT 2 DAYS.
WHAT COULD BE THE REASON? I DO NOT KNOW [ IF ANY ONE IS AWARE PLEASE COMMENT.
Reliance Capital : Will history repeat ?Reliance Capital had given breakout from the consolidation pattern of 55-23 formed over a period of more than 2 years (March-01 to June 03) in early 2000. Volume was good on breakout and after breakout and then it never touched 55 level is in it's life time which means it was an important level for bulls and bears. Resistance becomes support whenever market falls after rally. Technical Indicators have entered into oversold zone.
Only for high risk appetite traders : Buy around 59 and in dip at 54 with stop loss below 50 (swing low) on daily closing basis for target of 90 and 102
Relcapital has broken the support Relcapital has broken the recent support quite decisively, now need to see if its going futher continue the down trend.
Relcapital Broke the support bit badlyRelicapital has broken support quite decisively. Now need to see how pain is left
Intraday Levels Reliance CapitalSell below: 120.35
Target1: 117.90
Target2: 117.20
Target3: 115.05
Stoploss: 123.5
Risk reward : 1.6
Relcap IB short on PDL* Weekend level 7
* Formed a swing high at previous resistance
* Formed an IB
* break of PDL may trigger longs exiting with good r:R(SL PDH)
RELCAPITAL Inside Bar TradeLong 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.
Rel Capital Analysis - Daily Analysis Buy @ 105 - 117 rs rangRel Capital Analysis - Daily Analysis
Buy @ 105 - 117 rs range With SL 99
Target - 127 - 135 - 145- 155 - 164 - 175 +
SL 100 ( Daily time frame closing basis)
RelCapital : Log scale supportReliance Capital is trading close to log scale trendline support of 90. Trader can wait and see whether counter take support of 90 and then bounce. If it rebounds after touching 90 and gives close above 100 then investor can buy with stop loss below 87 for target of 140-170-200 level.
Reliance Capital Swing tradeSell below:131(4hour candle Close)
(Everything for 4hour candle)
Target 1: 113.65
Target 2: 105.25
StopLoss: 146
Risk Reward: 1.7
Relcapital Strong Bullish100 of the nifty stocks have reached its newest 52 week low and nifty is bound to take positive hike.. Hence it ensures that this stock Relcapital would definitely reach its highest 160 in an average short span..
For Short/Long term investment,
Buy @138
Sell @160
