RILRELIANCE
Monthly outlook
If the next demand breaks then there is a possibility for 1350 levels after a retrace towards 2450. Looking for confirmation entry in the 1300 levels.
RELIN trade ideas
Reliance Swing!Reliance is trading in its channel pattern if it breaks its upper trendline this can be a small swing to catch, if you want to take some more risk you can enter at today's weekly closing candle also with a small SL of 5%. Targets can be up to 20%.
Please do your own analysis and then only enter this trade.
Swing Trading in Reliance IndustriesPrice has bounced previously from the Bollinger Band & low RSI level. Target Mid level of the Bollinger Band to Top of the Band.
Reliance forming a penantFormation on daily charts, indicating a big move.
Either 600 points down or up
200 EMA actingg as a support..
#Reliance cash : Strong resistance @ 2402/2520#Reliance cash -Positiaonal call
02.10.2022
Looks good above 2402.10
Stoploss 2360
Target 2470-2480/2560
Cmp 2377.75
BACKTESTED PIVOT INTRADAY STARTEGY [INDIA MARKET TIMING]A Back-tested Profitable Strategy for Free!!
A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets
The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) Price crosses above ema1 ,indicated by pivot high line in green color .
2) Price crosses below ema1 ,indicated by pivot low line in red color .
3) Candle high crosses above pivot high , is the Long condition .
4) Candle low crosses below pivot low , is the Short condition .
5) Maximum Risk per trade for the intraday trade can be changed .
6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size .
7) ATR is used for trailing after entry, as mentioned in the inputs below.
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
Leftbars ——————————> Length of pivot highs and lows
Rightbars —————————> Length of pivot highs and lows
Price Cross Ema —————> Added condition
ATR LONG —————————> ATR stoploss trail for Long positions
ATR SHORT ————————> ATR stoploss trail for Short positions
RISK ————————————> Maximum Risk per trade for the day
The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below .
// ═════════════════════════ //
// ————————> PROPERTIES<——————— //
// ═════════════════════════ //
Default_qty_size ————> 60 contracts , which can be changed under
Settings
↓
Properties
↓
Order size
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 .
The Indian Markets open at 9:15am and closes at 3:30pm .
The 'time_cond' specifies the time at which Entries should happen .
"Close All" function closes all the trades at 3pm , at the open of the next candle.
To change the time to close all trades , Go to Pine Editor → Edit the line 103 .
All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm .
NSE:RELIANCE
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
INPUTS can be changed for better back-test results.
The strategy applied to NSE:RELIANCE ( 5 min Time-Frame and contract size 60) gives us 61% profitability , as shown below
It was tested for a period a 6 months with a Profit Factor of 1.45 , Net Profit of 21,500Rs .
Sharpe Ratio : 0.311
Sortino Ratio : 0.727
The graph has a Linear Curve with consistent profits.
The INPUTS are as follows,
1) Leftbars ————————> 3
2) Rightbars ——————— > 5
3) Price Cross Ema ———> 150
4) ATR LONG ——————> 2.7
5) ATR SHORT —————> 2.9
6) RISK —————————> 2500
7) Default qty size ——> 60
NSE:RELIANCE
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RELIANCE GOOD FOR LONG AT CURRENT PRICE.reliance good for long, at current price,
entry price- 2377
stopped- 2245
target 1- 2899( 1:4 RR)
target 2- second purple line on chart.
Reliance Bearish formation#reliance is forming HnS which bearish formation
If closes at day low it can be sold with 2400 as SL CMP 2342
RELIANCE breaking down.This is weekly chart.Hence we should not expect it over night.
And this is my study not any trading recommendation.
Chart is self explanatory.
There is triangle break down of reliance.
Probable target shown in the chart.
To get such stock ideas follow me.
Don't forget to like this post.
In the past all my posts of recliance had rocked.
Please go through them goingto my profile.
Reliance: Channel Break DownNSE:RELIANCE
1. Long term channel B/D taken place
2. Sell on rise towards 2,440
3. TGT 1950 - 1800 (Mirror move - as drawn on the chart)
Reliance LevelsReliance levels
Support level - 2260 , Resistance level - 2470
Hold for - 1 or 2 months
waiting for a direction it will give a breakout soon I am open to both sides as reliance will decide our markets will breakout in that direction only
most likely on the upside
Reliance for swing trade buy reliance for swing trade . there is 90% chance to reliance achieve 2600 tgt. in coming month and also nifty bullish really continue.
Make or break situationReliance is testing it's important support and trendline and made a weak intraday candle.
Sell below 2365 for intraday 0.5-1% move. Wait for 15 minute candle confirmation as can also take support here and reverse.
Learn & Earn,
Dr. Tanya Kumar
Reliance formed Double top patternReliance is on very support level, once it will break then it will be seen huge fall and both target will be achieved in coming days.
RELIANCE SELL NOWDon't miss the great SELL opportunity in RELIANCE NOW:
Wait for retracement then sell..
Entry: 2460
SL : 2479
TP1: 2403
TP2: 2369
RR Ration: 1:5 Reward
