RELCAPITAL trade ideas
#RELCAPITAL CASH : GOOD ABOVE 476 FOR 486-87/516#RELCAPITAL CASH
03 SEPT 2018
BUY ONLY ABOVE 476
STOPLOSS 472
TARGET 481-482/486-487
CMP 472.20
Relcap Buddha StrategyShort 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.
No way I am longing this bad company even if it does a breakout. It should tank but we shall enter on confirmation of price action only. Or, We skip this.
Reliance Capital long term trend change
It has formed an inverse head and shoulder under the 200 day MA and managed to cross the the 200 day MA in a healthy uptrend with above average volumes on up days.
Relcap Continuation of Short - Buddha Strategy 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.
Previous Trade =
RelCapGeneral opinion seems bullish.
But here is idea of small correction before continuation.
Paper trades only.
Reliance Capital Buddha StrategyShort 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.
Initiate a Long Trade on RELCAPITALInitiate a Long trade on RELCAPITAL, from 445, SL @ 440.7, Targets (1) 450, (2) 457, (3) 465, (4) 469, (5) 473, (6) 475,(7) 479.
Reliance Capital Bounce Uptrend TradeEntered on 26 Jul 18 on 388.90 with a stop loss at 339.75
TSL update on 02 Aug 18 from 339.75 to 398.35
TSL update on 14 Aug 18 from 398.35 to 412.50
TSL update on 17 Aug 18 from 412.50 to 423.40
Current Trailing Stop Loss: 423.40
In case of hitting Stop Loss confirmed Profit: 34.50 points
Reliance CapitalRegular Flag patter as has been recommended a few days ago has done well. Price reaching the doorsteps of 200 DMA-- crucial zone. Regular Flags often do quite well and fast.
RELIANCE CAPITAL BOUNCE FROM THE SUPPORTPOSSIBLE LONG:
1) Trend Line Break
2)Channel Breakout
3)Price Above 14,20,50 EMA.
4)Price Breakout of daily Resistance
Risk to Reward Could have been 1:6
RELCAPITAL is For Swing TradingPrice broke out of EMA 50, after giving breakout it is in pullback mode.
Looks like it has formed inside bar after breaking out of EMA 50.
MACD also confirms up trend as it is facing up and crossed zero line.
Risk Reward ratio would 1:2.
