Short Opportunity in Reliance - Long Term Resistance Zone
Symbol : Reliance
Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF.
One can go short at current levels of 2640-2670 with SL of 2710.
Target 1 : 2545
Target 2 : 2485
Trading Idea : On daily and weekly TF, It looking like a consolidation & breakout but as per my analysis, Reliance is currently Trading at 2 year resistance zone & this breakout may fail as the stock is already given a huge upmove on weekly TF.
One can go short at current levels of 2640-2670 with SL of 2710.
Target 1 : 2545
Target 2 : 2485
交易开始:
Opened gap up because of global positivity and gujarat summit news.
CMP 2690
aggressive short positions can be made(as Risk : Reward is very favorable here) with Stoploss of 2710-2720
CMP 2690
aggressive short positions can be made(as Risk : Reward is very favorable here) with Stoploss of 2710-2720
交易开始:
CMP 2707
Short positions can be held with 2725 SL.
Short positions can be held with 2725 SL.
交易结束：到达止损:
Closing the trade as stoploss reached.
There is still very high probability that it may come down but discipline is important.
There is still very high probability that it may come down but discipline is important.
交易开始:
I have made short position today again at 2758 with 2800 SL and still holding my position for minimum 2620 targets.
My view is still bearish.
Although It hit my previous SL at 2725 but it didn't sustained at above levels at all and getting strong rejection yesterday and today.
My view is still bearish.
Although It hit my previous SL at 2725 but it didn't sustained at above levels at all and getting strong rejection yesterday and today.
交易开始:
CMP 2672
85 rupees in profit.
85 rupees in profit.
交易开始:
CMP 2655
more than 100 rupees in profit.
more than 100 rupees in profit.
交易手动结束:
Closed my long position around 2650 & forgot to update here.