RELCAPITAL trade ideas
Reliance Capital Buy @ CMP for Long Term Value InvestingReliance capital looks attractive to accumulate at CMP, Considering current Chart pattern it can be a good price point to add some quantity at current price.
Cup and Handle breakout in RelCAP. Target 750+ by this expiry.Cup and Handle breakout in RelCAP. Target 750+ by this expiry.
INVESTMENT IDEARELCAP HAS FORMED A TREND CONTINUATION SETUP. ENTRY IS VERY FAR FROM CURRENT PLACE BUT ANYDAY YOU CAN A CANDLE CLOSE ABOVE THIS BREAKOUT LINE. BUY AND HOLD WITH PATIENCE FOR FRUITFUL RETURNS.
RELCAP SUPPORT Theta decay RELCAP is presently at its support level, and todays candle closed green and ended above the high of the previous day candle.
One can go long with 2arget 1 till 38.2% retracement and Target 2 till 61.8% retracement with stoploss at the low of the previous day candle.
For theta decay one can short RELCAP OCT 540PE at 4.15 with lot size of 1500 for a potential profit of 6225.
Relcap ascending triangle breakoutRelcap has broken out of ascending triangle chart pattern. Buy with stops at 770-750 for tagets 850-880-900
Relcap on hourly chart shows support at 792 and 780.. Buy Relcap on hourly chart shows support at 792 and 780.. Buy with small stop loss for tagets 850-880-900
Reliance Capital - Targeting 470 (Buy)After today's strong breakout at 420 levels and managing to close above that levels provide us a strong bullish signal on its price action. I believe now the price action will move towards the next resistance levels in next few weeks.
It is a good time to enter with the reward risk ratio of 1:3
Target 1: 452
Target 2: 470
SL 1: 400
very near to breakoutonce traded above the level of 413-414 for 2-3 days, the rally will be upto 465-500
Will History repeat again?Reliance capital breakout triangle in coming days.
Which wave will support it, the MODI WAVE(because in history it was modi wave)
Anil mangal sir, please provide your wave analysis,
thanks in advance!!
Reliance Capital - Structure TradePoints noted on daily chart,
1. Harmonics
2. Fibonacci Extension
3. Structure - Bearish Formation
