[Reliance]: Break and Retest done and Ready for Power MoveReliance looks strong in the chart and breaks downward trendline and retested followed by a bullish candle.
So, I am looking to go long in Reliance above 2235 with initial Stop Loss @ 2105 for the First Target of 2365 and 2nd Target of 2495
1st target has a Risk-Reward ratio is 1:1 and 2nd Target has a Risk-Reward ratio of 1:2
If my 1st target achieved then, I will trail my SL from 2105 to 2149
Relianceindustries
Reliance Inside bar 2H FrameHi Traders,
Inside Bar Form 2H frame
Entry Yellow Table Above Or Below Breakout
Sl make candle High or Low
Its Profit Making Strategy
Levels Update On 28/6/2021 After Breakout
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
Thanks & regards
Sakthi
Any Query Comment
Reliance:At Hourly TF , CM closing price of reliance industry seems to be intresting. Perfectly At the junction of breakout on all the patterns. Looking at the volumes seems to be some selling happened before today's event. Intresting to how price moves ....
For downside have market next level and upside only when channel in green gives breakout.
Reliance Industries Breakout Trade (RELIANCE 1D)Hello Guys,
Today I am Going To Share you one Breakout Idea of Reliance Industries .From the Date of 15 OCT 2020 we can see that the stock in was Range shown in the picture. Now The stock is holding in the upper side of the Range. The volumes is seen in Reliance In Past Few Trading Sessions. It is planning for giving a breakout. if Breakout happens it will be good trade for the market also. We Can expect Targets Of Reliance between 2550-2600.
please trade in reliance with suitable quantity for you. and take care of your Risk Management. Don't Jump Directly In it.
Keep An Eye On it Like Eagle.
Stock Name :RELIANCE
Current Price:2221.60 (17-JUN-2021 10:08AM)
Target Price:2550-2600
Stoploss:2050
RR Ratio : 1:2
Weekly Wrap #Reliance Industries 31th May 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance : Trend is Up
Strategy :
Defensive : Buy on dip ( Check out Video for level & Money management plan )
Agressive : Break out trade ( Check out Video for level & Money management plan )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Double Calendar Spread - RelianceExpecting 1800--2200 Range for Reliance.
-1x 24JUN2021 2000CE - ₹ 51.00
+1x 29JUL2021 2000CE - ₹ 71.15
-1x 24JUN2021 2100CE - ₹ 20.15
+1x 29JUL2021 2100CE - ₹ 40.00
Max. Profit - ₹ +22,808
Max. Loss ₹ -10,000
Max. RR Ratio - 1:2.28
Breakeven - 1863.0-2298.0
Estimated Margin/Premium - ₹ 1,30,000
Weekly Wrap #Reliance Industries 24th May 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trade plan
Reliance Industries : Trend is Up- Buy on dip ( see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.