The Phoenix Rising - Reliance CapitalWhat goes Up will come down, What goes down will Rise Up - This is Universal Law
Abiding by this law - Reliance Capital - The once sunken stock - declared bankrupt - Resurrected by Hinduja Group (IndusInd International Holdings) which bought Reliance Capital for approx. 9,600 Crore.
The effects of these actions are seen on the Charts clearly - The Phoenix Rising from the deep. Recently the stock was removed from ESM Phase II - relieving it from restriction of being traded only on Mondays. From the New year - the stock is hitting 5% UC each day
Here are the confirmation of Bullish Reversal
The classic HH-HL structure indicating Bullish Reversal on Monthly
HH-HL formed at 0.786 FIB Retracement which is a very reliable bounce level
A Beautiful Rounding Bottom Structure on Monthly
Symmetrical Triangle formation
BO is pending both on Rounding Bottom & Symmetrical Triangle - BO above 15 WCB will take to targets of 42, 52, 78
Word of Caution: This is still a Risky bet - The above suggestions are for those beaten down souls already holding the stock for quite long. Hold your breath - Keep up your hope and Patience - good times are ahead. New Entrants - better to stay away from this script until stronger bullish structures are formed
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RELCAPITAL trade ideas
Bullish NSE:RELCAPITALBuy = 17.75
Stop Loss = 16.05
Target 1 = 21.15
Target 2 = 22.85
12/09/2021
Bullish NSE:RELCAPITAL-->Reliance Capital Limited
Buy for short term
Triangle Pattern and Supply zoneStock analysis: Reliance Capital trading near important supply level, breaking and closing above 15 on weekly basis expect to reach the target given on the chart for long term with the stop loss level given on the demand zone (green) area.
Happy Investing.
RELCAPITAL - PARABOLIC ARC PATTERNIf election results in favor of RELIANCE. No one can stop it from reaching sky high.
Relcapital Ready for further downside rally Its Weaker Stock & Again break downs from the Descending Triangle Targeting 175 levels with Stoploss of 235.
Reliance capital at very crucial level Reliance capital more or less is on weak ground for last many months looking at its long term chart. But this week it has arrived at a very crucial level of 330. If it trades below it then it has full potential to test levels of 260 and below this 170. So in coming week stay short below 330 for target of 260 and long above 330 keeping stoploss of 325 for target of 400. But over all reliance capital has become very week and Nifty is also not supported for Bulls at present.
disclaimer: this view is only for educational purpose. It is no recommendation to Buy or sell or hold any stock.
Relcapital Ascending LineOn touch of line, long closest otm call 2 lots.
On break, long 420 PE 2 lots for targets of 430 and 412.5
Long 400 PE after hitting second target for 400
RelCapitalBroke out the Fla and a swift gain. If you have not booked out, may hold for some more gain. SL please. Trading is a high risk high gain job. Have trust in patterns.
RelianceCapitalPrice rose sharply (that is how a Flag Pole is made and this is the first criteria for identifying a Regular Flag Pattern) from lows on the back of a Positive Divergence and now a Bullish Flag is in the making. Price is trying to breakout. Go long keeping an SL at the bottom of the Flag. If fortune strikes price may rise towards 200 DMA. But we avoid being greedy. If we make good gain, we keep the money in the pocket and not on the screen. All the best.
relcapital shortone can short relcapital keeping stop of 461 target can be of 435,only for study . do it on your own risk
