Reliance industries futures
- Thread starter drsri5259
- Start date
Arre - 2 days broad band down ... could not post .... 
Did it break my aggressive SL? 2065 on spot is LOD so for Dec Fut, I doubt ...
Another way to go around this failed position would have been short current month RIL, so the MTM would have been NIL (as such) and square if off when one feels confident of uptrend resuming .... but that again needs a nimble hand .. may someone like Vikaas would have turned the tables on RIL with this position ...
I would have bot a PE around 2080 spot and sqrd off at some time around 2060 levels spot .. depends on the traders mentality .. i am more confortable doing lesser trades but try to get some big profit (not necessarily get but try ..)
Did it break my aggressive SL? 2065 on spot is LOD so for Dec Fut, I doubt ...
Another way to go around this failed position would have been short current month RIL, so the MTM would have been NIL (as such) and square if off when one feels confident of uptrend resuming .... but that again needs a nimble hand .. may someone like Vikaas would have turned the tables on RIL with this position ...
I would have bot a PE around 2080 spot and sqrd off at some time around 2060 levels spot .. depends on the traders mentality .. i am more confortable doing lesser trades but try to get some big profit (not necessarily get but try ..)
hai,
please find the attached chart of RIL. RIL is forming a symmetric triangle. Fulfilling almost all the criteria for the same. There could be a breakout within fewdays. As per the theory 85% it could be a breakover with very high volume. so my suggestion is that wait for the signal and act accoringly.
It is my feeble attempt to explain....Also note that I am not an expert TA..
Thanks and regards
tkrajnambiar
please find the attached chart of RIL. RIL is forming a symmetric triangle. Fulfilling almost all the criteria for the same. There could be a breakout within fewdays. As per the theory 85% it could be a breakover with very high volume. so my suggestion is that wait for the signal and act accoringly.
It is my feeble attempt to explain....Also note that I am not an expert TA..
Thanks and regards
tkrajnambiar
Attachments
DRSRI,
First Things If You Are Trad RIl In Futures...Then I Suggest Make Note Of Weekly Resistances & Support First.
Thereafter, When It Reaches Supports, Buy Current Month Futures & When It Reaches Resitances You Short Next Month Future...This Is Applicable Most Times When Market Is Volatile....& You Will Make Money In Both Legs Of The Future.
Happy & Safer Trading
SavantGarde
First Things If You Are Trad RIl In Futures...Then I Suggest Make Note Of Weekly Resistances & Support First.
Thereafter, When It Reaches Supports, Buy Current Month Futures & When It Reaches Resitances You Short Next Month Future...This Is Applicable Most Times When Market Is Volatile....& You Will Make Money In Both Legs Of The Future.
Happy & Safer Trading
SavantGarde
Last edited:
DRSRI,
Posting A Chart For Your Visual Reference...Keep An Eye On The Two Tips Of The Blue Line Levels...Those Are Your Immediate Levels...That You Should Trade Long & Short...Be Mindful...Coming Week Is Expiry Week, Therefore Things Can Be Overdone A Bit On Either Side Of The Blue Tips....Which Are BB Lines.
Supports & Resistances For Monday
Weekly
Please Note Above Figures Are Spot Prices.
Happy & Safer Trading
SavantGarde
Posting A Chart For Your Visual Reference...Keep An Eye On The Two Tips Of The Blue Line Levels...Those Are Your Immediate Levels...That You Should Trade Long & Short...Be Mindful...Coming Week Is Expiry Week, Therefore Things Can Be Overdone A Bit On Either Side Of The Blue Tips....Which Are BB Lines.
Supports & Resistances For Monday
Code:
[SIZE="3"][B]RELIANCE CLOSE 2123.30
PIVOT 2090.00
R1 2102.50 S1 2067.50
R2 2115.00 S2 2045.00
R3 2137.45 S3 2032.50
R4 2159.95 S4 2020.00
R5 2172.40 S5 0000.00
R6 2184.90 S6 0000.00 [/B][/SIZE]
Code:
[SIZE="3"][B]RELIANCE CLOSE 2123.30
PIVOT 2131.20
R1 2164.35 S1 2115.90
R2 2197.50 S2 2100.50
R3 2212.90 S3 2067.40
R4 2228.25 S4 2034.25
R5 2261.35 S5 2018.90
R6 2294.50 S6 2003.50 [/B][/SIZE]Happy & Safer Trading
SavantGarde
Last edited:
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