RELIANCE LONGReliance crossing 2400.
One more hurdle in the stock 2450. Once this breaks, we can again expect it to give a good move till 2750 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
RIGD trade ideas
Is it a good idea to buy RELIANCE now ? Good morning,
Today there is an intersection of many strong indicators:
1)there is a bull divergence confirmed by MACD😎
2) we are above the VWAP❤
3) the 4EMA indicator is in the right order and well condensed👌
4) we are protected by support😎
👀 I didn't really study the profit so protected yourself from market reverses!!
Good luck 💖
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Reliance Best Zones For #Bottomfishing Best Buy Zone: 1832 - 2020
Good Buy Zone: 2020 - 2250
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
RELIANCE - Bullish view on relianceThe stock has crested a good base at the level range of 2240 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 2751 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement
Reliance Stock option Trade opportunity 2500CE 2600CEReliance Stock just took support from the TRENDLINE. From here there is a high possibilities that it can go up. If we look at the option prices, February 2500CE is trading at 14.5 and 2500 is just 5% from current trading price. Now if we look at March 2500CE its trading at a price of 46.
WHAT WE CAN DO
ADD -2LOT February 2500CE@ 14.5 (3625)
1LOT March 2500CE@ 44 (11000)
So the total investment would be 3625+11000= 14625.
In case if Reliance do not give 5% upside momentum by FEBRUARY then by MARCH there will a high probability that it will give up side momentum and if it give upside momentum then our MARCH 2500CE will outperform which will cover the loss of FEBRUYARY 2500CE.
Reliance Swing Trade opportunity Reliance is currently trading at 2384 as of February 9. If you look at the above chart you can see that RELIANCE just took SUPPORT from the TRENDLINE. Reliance can go up till the blue color TRENDLINE and can consolidate there for 2 to 3 days and from there it can give a breakout. If it breaks the blue Trendline then from there it will give a good up side momentum nothing but at least 10%.
NOTE-
Entry- 2350-2425
Stoploss- 2250
1st Target- 2570
2nd Target- 2700
Will keep updating the results.
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