Reliance Ind: Chart set up & trading view
Actualizado
Reliance
- The region of 1850-1820 is an important support zone for Reliance
- 1935-1960 is another short term important support levels to watch out for
- 2057 - 2096 is an immediate resistance zone
- positive momentum above 2109 levels
Given the set up the stock can be looked for target of 2450 in medium term
Pattern gets invalidated if weekly close is below 1850
Alternatively one may consider the following strategy
Sell Reliance November expiry
1900 Put option
around 30 - 34 (CMP 30.50)
Lot size 505
Max profit potential Rs 15402/- per lot
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- The region of 1850-1820 is an important support zone for Reliance
- 1935-1960 is another short term important support levels to watch out for
- 2057 - 2096 is an immediate resistance zone
- positive momentum above 2109 levels
Given the set up the stock can be looked for target of 2450 in medium term
Pattern gets invalidated if weekly close is below 1850
Alternatively one may consider the following strategy
Sell Reliance November expiry
1900 Put option
around 30 - 34 (CMP 30.50)
Lot size 505
Max profit potential Rs 15402/- per lot
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nota
Reliance 1900 Put option updateIt gave ample opportunity to sell in the range of 30-34
Today's Closing Price 9
Profit of 505*(30.5-9) = Rs 10857.5/- per lot so far
Enjoy
Happy trading...!!!
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