relianceReliance keep eye 2600 levels nifty 50 move upside when reliance break 2600 levels and sustain
RELIANCE trade ideas
History always repeat RIL 1d tfabove 2680 good buy for relaince for swing it have to move necessary beacuase its quarter result are coming in 2 weeks have take these stock on radar.
Risk Management trade in Reliance.Hi there!
Let's talk about this small trade in Reliance.
Reliance CMP:- 2524.05
-->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend .
-->Since then Price is in correction and approached 0.618 Fib level of that up wave.
What's in my mind?
-->If we observe the price action there is an untested demand zone at this 0.618 Fib area.
-->If we observe the upper 2 arrows those mentioned candles and and their volumes saying that there was some distribution happened may be reason for this correction
-->If we observe the bottom arrow that mentioned red candle with high volume is a support breakdow n and may be the stop losses of previous long trades
What's my point?
-->Even if price continues to move down I'm expecting a pull back before that and this Idea is actually trading that pull back.
-->If my analysis goes wrong and price breaches this demand area I will exit with my stop loss and enter at next demand areas with new confirmations.
Entry setup:
Enter Long: 2480
Stop Loss : 2425 (70 rupees per share and one can plan their risk accordingly)
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating.
Reliance W pattern breakout Can become a positional trade if the resistance is taken out so after target is reached booking half quantity and trailing remaining can be done.
for risky traders enter now or on any dip
for safe traders enter after the level is sustained
we are not SEBI registered and this is only for educational purpose and not a buy or sell call.
RELIANCE CHART ANYLYSISReliance Chart Anylysis, Reliance after falling from there Supply Zone get support woth volume from its previpus Support
Opening wait for 15mintues2510 looks too strong.. It takes reverse from here target should be 2570.. only for analysis basis.. try it on your own script
Reliance Chart Anylysis for TomorrowReliance Chart Anylysis for Tomorrow I think it will fall sharply let see for tomorrow
Reliance Short Term Swing Trade
Reversing from the trend line
RSI short-term bullish sign, breaks SMA
MACD short-term bullish sign
Targets are set based on previous support/resistance zones.
Not a financial advice, I have taken positions based on my research/analysis. Do your own analysis before taking any positions.
#Reliance cash : Looks good above 2590.10#Reliance cash -Positional call
02.01.2022
Looks good above 2590.10
Stoploss 2560
Target 2624/2648/2674
Cmp 2578
Short - Trend line Break & Neckline Break, Now at ResistanceIn past few days reliance has break both the trend line and neckline of head and shoulder, currently trading at resistance level 2580, there is high likelihood this will be rejected.
CMP - 2575
Target - 2540, 2510
Stoploss - 2610
Disclaimer
The above study is only for education and research
RELIANCE INTRADAY TRADE | 30TH DEC 2022Buy Reliance if sustains above 2550 for the targets of 2565 and 2580.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
intra day trade for tomorrowReliance analysis for tomorrow
just for educational purpose, trade at your own risk
Reliance Inds - Predicted High Low Range for TodayReliance – Predicted Intraday High Low Level for today.
Today Tata Steel will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
reliancereliance 2551 resitance today 2520 support I think nifty goes down side movementem and range bound let see
RIL Long (1 or 2 days) Target 2590RIL Long (1 or 2 days) Target 2590
4 days back it broke previous channel...But now closed inside the previous channel (2nd continuous day)....Target 2585 to 2590 for next 1 or 2 days
RIL Long (Till Dec 2022 Monthly Expiry) RIL Long (Till Dec 2022 Monthly Expiry) Target 2592.....Try for Jan expiry.....
relianceNifty post analysis i told you i am short nifty 18000 levels but reliance today looking bullish see the levels thats why i ignore short nifty today
Reliance: Support Resistance and trading strategyReliance
The Chart set up
The stock has been sideways for the last 8-9 months.
The stock has fallen approximately 9% from the top in the month of December so far.
Important levels on the downside which has the potential to provide support
S1 - 2467-2485
S2 - 2405-2420
Important levels on the upside which has the potential to act as resistance
R1 - 2565-2588
R2 - 2632-2680
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My Trading strategy
Given the set up, my trading strategy for Reliance: Short Strangle strategy for January series
Sell January 2023 expiry
2640 Call option &
2400 Put option
Net incoming 52 points
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Gain potential and understanding risk profile
Max profit potential of Rs 13700 per strategy lot, if Jan expiry day close is anywhere between 2400-2640
( roughly 12% ROI on margin requirement)
Loss in strategy, if Reliance closing is above 2692 or below 2348 on 25th Jan 2023.
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My Risk Management levels
Review points for managing risk
2467 / 2420 on the downside
2580/ 2612 on the upside
These review points are based on support and resistance levels identified in chart analysis and accordingly trading strategy has been curated which should give ample time and scope to adjust / exit in case view of rangebound movement is getting invalidated.
Apart from these, I would be also monitoring Crude oil price movement.
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Hope the analysis and explanation of trading strategy helps you plan and manage your trade.
Do let me know if you find the analysis and insights helpful.
To trade with me, Do Like and Follow for getting more trading ideas like these...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
#Reliance having break down, Reliance having head and shoulder break down, having room to fall upto 2350, lets where it goes
Reliance BuyAs shown in the Reliance has completed Wave 1 of higher degree and Retraced almost 61.8% of wave 1...Therefore it is good opportunity to accumulate the stock on every dip from here till it holds 2313...
