Reliance formed a flag pattern Reliance formed a flag pattern If market open inside the pattern and break either sides take the trade
RELIANCE trade ideas
Six Things to Remember When Trading OptionsIt is often said that trading options is risky and fraught with unknown dangers, it’s difficult to
learn and difficult to do. This isn’t always the case.
As with any kind of trading it’s essential to have solid risk management skills. But provided
the trader is trained correctly from the start and has a thorough understanding of options
themselves as well as probabilities and time horizons, profitability is possible, even when
there aren’t any stops.
Here’s 6 things to remember when trading options:
1 - It’s important to question whether your expectations for the underlying stock hitting the
breakeven point are realistic and to do your scenario calculations before you put your trade
on.
2 - Don’t forget that directional bias (long or short) can be used to set up great option
trades.
3 - A common mistake is not to check the expiry date of the options and then select the
wrong strike prices. People tend to place option trades without calculating the risks and
end up throwing their money away.
For example a trader might put a US$50 on a $200 call that expires in a month but if it is
currently trading at $80 then it might need a lot more time and the option contract will
expire worthless – unnecessary money lost.
4 - Another trap is to think that there is a value in buying an option just because it is cheap.
In reality, you always need to look at the risk scenarios, calculate the likely outcomes and
decide which is best in terms of strike price selection and for you as a trader.
5 - Never trade naked options no matter how alluring it may seem. All your assets are on the
line when you sell an option and don’t own anything that can cover you if the trade goes
against you. That said, selling options does have its place as part of multiple strategies that
provide coverage, for example covered calls and option spreads. But only when you have
solid risk management skills in place.
6 - Anyone new to trading or trading options should avoid option selling strategies until they
are experienced and profitable trading buy only strategies.
The benefits to options
There are particular benefits to trading options. For example, they suit people who want to
trade while also working a full-time job as options trades run for days and weeks as opposed
to intraday trades that run for minutes therefore requiring more time each day.
Also you don’t have to tie up a lot of your capital in each trade and it’s a defined risk, at
least with buy options where you can’t lose more than the premium paid for the option.
This can be attractive to the new trader as options are a lot less capital intensive than
buying stocks.
So it’s about applying the same rigour and willingness to learn to this type of instrument as
you do to any other.
RELIANCE--2500 or 2400 ??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 levels, short side up to 2400.
RelianceReliance looks good to break the wedge patterns and the weekly candle closed little inside the wedge channel.
Now it is a very good area on Gann square which shows bullishness
MACD cross over being done and once RSI gains strength above 65 we can see the momentum
DSU special topicWhen the MACD line crosses above the signal line, it generates a bullish signal. This suggests that the shorter-term moving average is gaining momentum and moving above the longer-term moving average, indicating a potential uptrend. Traders interpret this as a signal to consider buying the asset or entering a long position.
Conversely, when the MACD line crosses below the signal line, it generates a bearish signal. This indicates that the shorter-term moving average is losing momentum and moving below the longer-term moving average, suggesting a potential downtrend. Traders see this as a signal to consider selling the asset or entering a short position.
When implementing this strategy, traders may use additional confirmatory indicators or chart patterns to increase the reliability of the signals. For example, they may look for support or resistance levels, trendlines, or other technical patterns that align with the MACD crossover. These additional factors can provide a stronger foundation for making trading decisions.
It is important to note that the timing and effectiveness of MACD crossovers may vary depending on the market conditions and the specific asset being traded. Traders should conduct thorough analysis and consider other factors, such as overall market trends, volume, and price patterns, to make well-informed trading decisions.
Overall, the strategy of buying or selling when MACD crossovers occur is a popular approach among traders. It provides a clear and objective signal for potential entry or exit points in the market, allowing traders to capitalize on trends and changes in momentum. However, as with any trading strategy, it is crucial to manage risk effectively and employ proper money management techniques to maximize the potential for successful trades.
Reliance Elliottwave update 9th June 2023Hello everyone,
Reliance is just completed corrective B wave, now C wave is starting, target is 2430.
Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
Reliance is reafy to fly to 2800 Two Technical patterns inverted HNS and Cup and Handle.
300 Points jump 10%
SL 2420
RelianceReliance CMP 2510
This is weekly chart...
Looking at the structure ...
when price starts being below green line..
candle high as sl
I am expecting price to move towards 2100 levels once again...
Just a View!!
Chart is for study purpose only!!
Vedang
RELIANCE going to 2200?RELIANCE weekly chart had broken down from an upward trendline in January. Since then it has pulled back and retested the trendline. The bearish bar dated 29th May suggests than the selling pressure could resume. Specifically if the price trades below 2400.
We could expect prices of about 2200, a sort of retest of the 200 EMA on the weekly chart in the near future.
RELIANCE IND - ON A VERY IMPORTANT KEY LEVELFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
Reliance Industries RELIANCE
Trendline breakout
Entry Buy on Dips (above trendline)
Target 2552-2596
Stoploss Zone 2438-2418
Bullish Move With close to ResistanceComing to the Heavyweight in the nifty 50 index Reliance, reliance is looking bullish move in the short term. From the lower levels from Mar 20, stock has recovered and is now near significant resistance. Breaking this level, can move stock towards till 2672. If it breaks the Trendline resistance, then possibly a good move towards upside is possible. If reliance breaks the trendline drawn on chart, then it may show some bearishness.
Important Resistance -> 2543
Important Resistance -> 2314-2200
Near support --> 2400.
Consider these ideas for educational purpose.
RELIANCE--Double Top Formation??------->>----->> 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 track these two levels.
break out with 200 MA cross over. Go for longReliance just gave a break out with a 200 MA cross-over. best time to enter.
RELIANCE & NIFTY MOVEMENTReliance is sideways from 5 trading session. keep an eye on low and high of stock. if breakout happens either side. then we may get good momentum in stock as well as nifty 50.
Reliance - Day end analysis 2023.05.22NSE:RELIANCE
- Currently into corrective wave a
- Wave a subdivided into 5 impulse waves i,ii,iii,iv,v (light blue color)
- Wave iii extended 1.618 times wave i
- Wave iv retraced 38.2% of wave iii
- Wave iv did not close inside wave i territory (EW cardinal rule satisfied)
- Wave v target is 100% length of wave i (@2413), which should also mark completion of wave a
Set-up:
- Short at CMP 2455
- SL daily close above 2470
- Target 2413
Reliance Bounce 💥💥💥How Reliance bounced from support zone 2160 2180 to high 2345+++
Its small Risk management view with big bang target.
RELIANCE 1H (21/05/2023)NSE:RELIANCE
If it spends too many times in 2399 to 2467
then in the coming days it will touch 2534,2631,2753 level.
All important levels are drawn in the chart.Work with risk reward ratio. not taking a trade is also a trade.
A trade cant change anything keep in your mind,if you think one trade can change your life then you are doing gambling in the market.take calculated risk.
Swing short on Reliance 1. Resistance zone
2. Rejection from 2500
3. Broken Crucial Levels and retesting
RELIANCE--Gap down ??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 more fall is expectedDay candle doji and yesterday candle has given confirmation with maribazu bearish candle there will be continuation in fall for today.
