Looks like Ascending triangle is formed in MRF on 1 hr/1 D time frame.
going Long in SEP Future, and selling 90000 CE.
Risk reward ratio is 6.6,
Volume is not so good, But the R/R ratio is good. So entered the trade.
SL - 80890.
I'm bullish based on the below technical analysis factors.
i) Double Top is completed
ii) Channel bottom is gazed and moved upwards from it.
Entry Pint - 41.5
Target - 48.05, 55.4
SL - 38.5
LONG RISK/Reward Ratio - 4.54
It's purely based on Fibonacci levels.
I believe Reliance will be touching 1600 in near future.
Short Risk/Reward Ratio is 4.15.
STRICT Entry point at 1978, (Enter only if this level is reached)
Target - 1600
Stop Loss - 2069
This is a bearish stock and attempted to break the trendline, but couldn't do it.
So I'm bearish on this stock. Short Risk/Rewards is 3.07 and mentioned the same in chart.
Target - 102.95
Maintain STRICT stop loss at 133.1
NTPC is trading at it's crucial support for the last 4 months.
Provided the RISK/reward ratio in the chart.
Maximum support is at 85.8, I have given SL as 84.7 to be on safer side. Targets are 89.8, 92.8, 96.15, 98.6.
Minimal Stop Loss, But Maximum Profit.
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