A clinical setup for going long in Reliance. Multiple indications for going long in Reliance made a perfect day.
I went long in Reliance when I saw that it was bouncing from it's support area . Got a good profit took quick partials.
Shorted Reliance looing at it's trend got a discent profit in just a few minutes.
I found a seller's zone on 1 minute chart on Reliance industries traded with patience and got a discent profit.
What is hit and run trade ? 1.Got very good partials when it was trading at high's. 2.It hit my target , I took my partials . 3.Stock went back to it's stop loss. 4.If I would have not taken partials at right time , I would have ended in loss. 5.Got out when the stock hit it's stop loss.
A falling knife . Late entry , small profit !!!! Combination of Big share size and quick partials make me money !! Thank you!!!
Point to be watched : 1.Entry point. 2.Exit with partials after finding resistance at high's. 3.A perfect entry for a reversal trade. A stiff resistance in Reliance at high's . Look's like lot seller's at the high . No momentum from buyers side in the morning session . But , still was able to made some profit. Thank you GOD !!!
What a beautiful breakout in Reliance .
Early morning trade in Reliance Industries
Watch how I traded using a 1 minute candle chart to . Also. look where I took my entry in a reversal trade after finding some indication of reversing.
It was a highly risky trade , keeping this in mind I traded very cautiously with smaller size than usual . Covered my partials very quickly , kept small size for more profits . Nobody should try this until you are experienced to this . But , a clear indication of rejection from highs after a big rally was the only reason why I traded this stock . Never ever trade...
Lot of things to be watched in the trade : *How a stock brakes it's resistance level with huge volume ? *After breaking a resistance level , how that level acted as a support level ? *An example of bottom fishing in a intraday trade . *It had a nice pullback from higher side , so I was expecting a bit of recovery in the stock . *A perfect entry in the stock...
Live trading in a volatile market session.
Live Intraday Trading in Indian stock market for 10 minutes for Rs. 30,000/- .
A very nice trade alongwith nifty 50 . Nifty was rejected from the high's , which I took as a opportunity to short Reliance Industries from it's resistance point .
Reliance opened strong along with nifty 50 . It was opening strong from it's support line at 2152 . I waited for the first 1 minute candle and took the entry for long . A nice technical formation for goin long alongwith nifty50 .
Strong uptrend last week. Needs some correction now before results on 30th July.
Intraday trade analysis for Indian Stock Market 22.07.2020