RELCAPITAL trade ideas
Long for NowFollowing the trend line. Good for the long.
Had a good bounce back from the support zone.
[Intraday] Insidebar RELCAPLong 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.
PDH 168
PDL 161.05
Time to Call it In This scrip is about to end its down ward movement , despite the fact that many might be viewing the news but its showing possible end of the down move ,
One can wait for Monthly reversal candle , as the fear is still roaming around , and any reversal on Monthly is Good for investment it will high likely move till 1200+
and also it will take months to get the investor confidence ,
We have started investment in nibble manner now , add on every drop basis
Good luck
RELCAPITAL (Reliance Capital Limited) BUY ABOVE 150.5RELCAPITAL (Reliance Capital Limited) BUY ABOVE 150.5
Rel Capital: Bottom fishing or trying to catch falling knife...Rel Capital
Cmp 129.50
The stock has taken a lot of beating not just in the last couple of days but for a year or so....
It is difficult to say whether it can be considered bottom fishing or if we are trying to catch a falling knife.
That only will be answered in future with hindsight in perspective.
So for decision making today so far as the green trendline holds we can look for target of 144 / 151 / 162 / 188.
Trade cautiously
Take care and safe trading...!!!
Swing -Long- 50% Fib retracementBUY : @142
SL :136
T1 :167
T2 :174 (highly unlikely )
Do exit if you get profit during the swing. This is a falling knife and and i think bottom has not yet been finalized. Strict SL.
SELL RELCAPITAL (Reliance Capital Limited) BELOW 188.6SELL RELCAPITAL (Reliance Capital Limited) BELOW 188.6
[Intraday] Double Inside bar RELCAPLong 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.
PDH 202.8
PDL 197.4
RELCAPITAL (Reliance Capital Limited) BUY ABOVE 222.5RELCAPITAL (Reliance Capital Limited) BUY ABOVE 222.5
Relcapital - Trend line break out!Buy above 219 with the stop loss of 217. Targets are 221, 223 and 225.
[Intraday] Reliance Capital Short CoveringTomorrow there is parliament drama on Rafale which will make this volatile. So watch for that. Today's price action tells it is a sign of short covering! So sell tomorrow on PDL break with the stop loss mentioned.
As it is moving towards the consolidation channel the fall may not be sharp, so TSL properly.
Reliance CapitalCurrently trading in no trading zone please bull & sell below or above white line. But obv is suggesting it's a buy wait for confirmation
Long One can look for going lone on reversal candle in 1 Hour , and book profits near the forecast area
