LONG ON RELIANCE INDS (NSE) Long

RELIANCE INDSNSE

Description

⋅ May 16, 2020 6:07 PM

This analysis is only for educational purposes, Invest at your own risk!

A strong uptrend can be seen in Reliance Industries , I personally think that the stock will show an increase in Price and Volume .
The ON BALANCE VOLUME and MOVING AVERAGE Indicators Suggest an uptrend too.
Therefore going long on 1459.40 INR (ENTRY POINT ) and targeting for some where between 1510-1550 (EXIT POINT ) could prove to be a positive trade.

Cheers!

P.S. This is my first publish ever

⋅ May 20, 2020 6:55 AM

The price broke the channel predicted by me ,
With the correct stop-loss loss would be evaded

Comments

wbsecond

⋅ May 17, 2020 9:58 AM

first post is very accurate defenetly go over 1500. its a typical bullish harami pattern sir.

Aditya_Singh21

⋅ May 17, 2020 11:30 AM

@wbsecond, Thanks a lot for your supportive opinion !
Cheers!

Sudheer-Hegde

⋅ May 17, 2020 2:27 AM

Cheers, All the best for your Predictions.

Aditya_Singh21

⋅ May 17, 2020 6:54 AM

@SVH-Trader, Thank you!
All the very best to you too!