Relience Indu Strong Breakout
Strong Breakout
Bullish
Awesome Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 3% of your capital in a single Trade..
Welcome To Trend Talk😊
All Levels in a Chart
Options Trading for Beginners
Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
Welcome To Trend Talk😊
All Levels in a Chart
Options Trading for Beginners
Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
In Reliance stock we can see a RSI divergence and its trading in a triangle pattern, if the tringle pattern break bellow 2900 level then we can see a decent profit booking in Reliance which is approximately 100 points. Given are the entry and exit point.
Note : All the given ideas are educational purpose only do invest wisely.
@Nifty_50_ #nifty #banknifty...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Reliance has made Curve resistance which is working from last 2 years
Also Reliance crossed 20 lakhs Market cap and Investors are very positive on Stock
But one have to look chart differently
Resistance level is coming around 2990-3010
We can see huge selling of 15-20% in the stock
One can take Bearish trade according to Risk appetite !!
Thank You !!
Reliance is trading in a range from 2187 to 2861.
Momemtum is high RSI >70 , we will see if it break the range this time, else it will again continue its range pattern.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Reliance trades to Nifty.
Whenever Nifty moves down, it comes to support
Rel/NF has moved past weekly resistance and is now targeting previous weekly highs 15 to 30% up from here
Trade - Long Reliance, Short Nifty Equal size, but large size.
Use this ticker - reliance*2000-nifty_50*250 on TV to track PnL
Symbol : Reliance
Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF.
One can go short at current levels of 2640-2670 with SL of 2710.
Target 1 : 2545
Target 2 : 2485
Price is moving inside a channel formation and now it is testing the upper trend line of the channel. Trend direction deciding zone is 2916 - 2922.
In daily chart, price has formed an ascending triangle.
Considering these facts, if the price sustains above 2922 and show volume strength, then we can see bullish move.
Buy above 2922 with the stop loss of 2904 for...
Welcome To Trend Talk😊
Reliance Wait to Close Below The line then buy Put With Stop loss Dont Buy Any trade Without Stoploss
Options Trading for Beginners
Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future....
