as previously post RELIANCE is forming Cup and handle formation now look at this exactly the same
New Head and Sholder Pattern is develped in Reliance Industries Limited May 27, 2021 Future.
Target 7-10-15 Rs S.L 7 Rs. R:R 1:1, 2:1, 3:1
Intraday Reliance Levels for 25th January, 2021 Dashed lines and boxes represent turning points.
Critical levels marked in the chart.... green tick mark indicates "long above" entries with targets "x" in green...same for red.
RIL all time high came way ahead of the Nifty in September 20 itself. Since then it has had made rapid declines and from mid november ran sideways in to a triangular formation. Today's leap up could turn out to be the final wave e within this triangle that forms a larger degree wave iv. A goal of 1650 wont be audacious with a review in between at 1840 for take...
Reliance peaked out ahead of Nifty, months ago. Its been in a downtrend. Last month or so its forming a triangle on the 4th wave. Upper line of that triangle
Reliance future buy above 1970 for next target 1980, 1990, 2010 Reliance future sell only 1944 for target 1928, 1894, 1874
breakout is upward (short term bullish continuation)
Buy Reliance Future @2258 TGT 2305 SL 2238 Disclaimer : This is for educational purpose.Before investing & trading take decisions from ur financial advisor.
As Per 1 Hour Chart Price got rejected from FIBas well RSI show as 60 resistance