There was Bearish Engulf setup on 5th Sep day closing. Although, this was not convincing for the trade, as the market was consolidating in a range. The ideal setup would have been if there were 3 candles below the 4th Sep candle.
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
The stock price is now enters in demand zone, where price is strongly moved to the upside... Find long opportunity in this demand area... on top side we have a trendline acting as a resistance... so be careful with this resistance, may have a chance of pushing the price down... keep safe.... Note:: There is no guarantee that this zone push the price...
look for buy when price test this demand Zone. I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on...
-breaks the RESISTANCE,and come back and test it(PULLBUCK) -sign to sell -target 1 : 2440.30 -target 2 : 2414.25
After a strong trending movement from few weeks, price is near its resistance level, now it is in the form of Head and Shoulders pattern..which is a reversal pattern.. wait until price breaks the Neckline and retest...then will enter for Short side... keep track this for Short side, if breaks neckline...until wait and watch.
Observations:: ----the stock is in the resistance zone...where previously strong sell of is observed in this zone.. today a strong bearish candle is observed from this zone.. If price fall below 2500 zone, and not able to break 2600, then look for sell in these zones. (2520-2500 range) If price is not able to break above after taking support from 2520-2500...
------->>----->> Can we consider this as double top ?? ------>> Failed to create a new high and falls heavily to the below levels. if demand acts as supply @ 2470-2460 levels, we will observe a fall again towards 2420 and 2370 levels. @ 2370 Levels we have identified a strong rise in this stock price, will again push the price towards higher levels. keep...
Observations: -------->>the stock is trending upwards. -------->> We have observed that the price is broken trendline, and retested the supply zone. --------->> Previously a strong fall is observed from the zone 2490. if price falls below 2450 levels sell on retracement for the target2420 levels. Keep an eye on these levels. Please like, if this post is helpful
Reliance clearly not able to sustain above the highs, and has been consolidating inside the Q2 range till now. This indicates weakness, and hence expecting it to give a follow through to the downside.
Reliance has formed the Head & Shoulders pattern and is ready to further go downside. It is better to wait for a re-test of the breakdown line (2530 levels). Target :- 2400 levels SL :- 2600 Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any...
Reliance Industries 15 Min chart Demand and Supply Levels. Bullish Supply Range ( Go Long) - INR 1,801/- to INR 1,840/- (Blue Circle in Image) Bearish Supply Range ( Go Short) -INR 1,880/- to INR 1,876/- (Red Circle in Image) #RelianceIndustries #Reliance #India #StockMarket Suggested Move - Short atINR 1,880/- to INR 1,876/- (Red Circle in...
Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial...
Long above 2406, Keep trailing profits on the resistances drawn, SL 2380 Short below 2386, Keep trailing profits on the supports drawn, SL 2410 You can do scalping on the lines drawn
Long above 2421, Keep trailing your profits on the markings drawn in the chart, SL 2399 Short below 2400, Keep Trailing your profits on the markings drawn in the chart, SL 2415 NOTE : Please wait to understand the trend in the market and then take a trade.
Reliance Futures Key trading level 28th June 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Reliance Futures Key trading level 24th June 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...