RELCAPITAL - at Crucial SupportReliance Capital is on free fall for almost a month and on Friday 13th came down to the crucial support.
Entry: 560
Target 1: 609
SL: 520
Target 2: 683
SL: 576
Entry can be taken when it crosses the day high of the previous candle.
Also, Since the stock is in a downtrend. follow this with strict Stop loss . This is low risk High Reward setup if it reverses from the support.
RELCAPITAL trade ideas
Reliance Capital.Reliance Capital.
On weekly charts, Stock is near critical Trendline Support which also coincides with Fib Level.
Buy now and dips till 525
Target 600/650 and more
Sl 498 on closing basis.
#Rel Cap Looks Good for 680-780 SL Below -530 CMP-562 17-10-2017#Rel Cap Looks Good for 680-780
SL Below -530
CMP-562
17-10-2017
RELCAPITAL bouncing from breakout zoneRELCAPTIAL price action is bouncing from the cup and handle breakout zone 530/570 ready for target 900+ keeping stoploss below 500.
Reliance Capital:542 is OS & near the TL,resistance 620 STOP 520Reliance' Capital:542 is oversold and trading near the trend line support,
Showing a positive divergence in hourly chart. Stock can bounce
from this level, having next resistance 620. It may touch down the TL, so Keep a stop 520,
ie: aslo the 89 EMA support.
Reliance capital around support Reliance capital finding support around 525-540 zone & high chancees are for reversal. Trendlines & support line merged at this zone. Fibonacci retracement level & Stochastic level (oversold) also supporting the bounce. Future can also be added in view of a 7-10 days.
Level to enter=528- 538 but can enter at cmp also....
Target 574, 585 & more
SL 521
keep strict stop loss...
there is not much to go but reward can be good....
best of luck....
RELIANCE CAPITAL BUY setupBuy RELCAPITAL between 525-540.
We can clearly see a strong region of support and it happens to be a conjunction of trend line support and 200 day SMA.
T1: 570
T2: 610
T3: 650
T4: 700
SL: 495
Rel capital says I m ready for 650long
Reliance capital
cmp : 564
Target : 625-650
SL: 550
Duration : 10-15 days
Reliance Capital at Support + Bullish Harami + Tweezer BottomIts standing at Support time to long
Entry - 570 or below
SL - 550
T1 - 610
T2 - 643
T3 - 670
Swing trade in RELCAP @ CMP 573Swing trade setup at CMP 573, will add more around 560 if stock goes down. Considering 526 as SL go for target 620 and for holding 670 will be the target.
Rel Cap - Time to go long?Reliance Capital is at its 2 month support level.
One can go long on RelCap above 630
Target 1 - 673.30
Target 2 - 714.50
SL - 590
REL CAPITAL BreakoutRELCAPITAL crashed down after a good 3 month up movement.NOw its retesting the possible resistance turned support level.
Also its a 618 FIB level on the neckline to bounce back or breakdown from.
REL CAPITAL Channel BreakoutRELCAPITAL is moving in a long time up channel all of 2017.
Curently on the edge of it, for a breakdown or reversal as usual.
641 to 615 forms the area of support for now646 forms the 38.2 % retracement from the previous swing low of 439.68. now it may make another attempt to go up to 755 , only price action will confirm its move on monday
Ascending Triangle on RelcapitalScript - Relcap
Pattern - Ascending Triangle
Breakout - Long
Trend - Neutral
Trade:
Position - Long
Entry - above 813
Exit - 846
Stop loss - 790
Educational 21: Importance of Closing Price In the above chart, I have a drawn a closing price resistance line in blue indicating a highest candle close on the chart, now the price action needs to close above that previous resistance to indicate further upside movement in the stock therefore we need to wait for the daily price closing in order to determine and confirm the further movement.
In this chart, the price action did go above the marked resistance level (in blue horizontal line) but failed to close above it which indicated selling pressure at higher levels and eventually if it failed to close above the resistance zone then it came down sharply.
Therefore, a trader must wait for the closing of a candlestick in order to determine and confirm the big players further movement in the market.
Lesson: Trade with the confirmation of closing price or candlesticks.
Regards
# 010 RELIANCE CAPITAL profit booking and long position unwinding
delivery % in on lower side since last 4 trading day
also over bought # one black crow candle pettarn on top
RelCapital - Investment!Price action has broken the rounding bottom pattern in weekly chart. Can invest during pullback for the targets 900 and 1200. Duration is one year. Consult your financial manager before investing.
Reliance Capital Headed to 980-1000 zones soonRELCAPITAL is Headed to 980-1000 zones soon. Looking great in shape . Should be bought in dips for the targets of 980/1000 .
RELIANCE CAPITAL DailyFinance sector has been moving pretty swiftly and the strong surge in this counter beyond its recent highs around 700 does spell for some strong continued trended action. The prices have been moving well especially after posting a strong Q1 in 2017. With the prices taking firm support at the Tenkan Sen we can look for the strong surge beyond previous high has been maintained to produce fresh thrust on Friday inviting strong buying action. Move towards 771 is on the cards.
