Bullish

3 Apr 2021

#Reliance may surprise everyone on upside with target of 2070/2120. Will go long through risk defined spreads above 2031 with SL of 2005/1989 on 25M candle closing basis. And if breaks 1989 then that is SAR point when I would go short. Keeping it in radar it can define the direction of the markets.

3 Apr 2021

Catatan

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

13 Apr 2021

Catatan

It first hit SL before hitting targets. Below SAR level of 1989 it gave decent downside targets as mentioned.