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.
Relianceindustries
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.
Mottabhai to trend ? Weekly Wrap #Reliance 17th 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
Nifty : 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.
Elliott wave investing support 1600 the first wave is impulsive by price action and it has started its correction
correction is wxy with its sub wave abc making flat correction .
wave Y has potential to test 50% retracement of this post coronavirus euphoria trend, near previous all time.
support
both previous all time high and 50% retracement with counter trend lower low, gives investor enough confidence to buy
psychological support 1600
RELIANCE ANALYSIS PREDICTEDAs we know reliance hade reached all time HIGH spotted a good trend in consolidation market looking for reversal for trend change, it may be short or long but i will enter a trade if the trend line has broken
Note :- This is just my analysis don't take this as financial advice
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