After consolidation reliance break the resistance and gives closing above the resistance line, if yesterday's high braked, we can see reliance next target 2470--2570.
After being in a constant downtrend, market forces seem to be pushing Reliance up from the low few swings that had upmove trapped. Breaking the sloping trend line, the stock can be seen heading towards a new trend that may also direct the Indexes towards a new Bull run. Always good to wait & watch than be taken down in the opposite swing.
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
The stock price is now enters in demand zone, where price is strongly moved to the upside...
Find long opportunity in this demand area...
on top side we have a trendline acting as a resistance...
so be careful with this resistance, may have a chance of pushing the price down...
keep safe....
Note:: There is no guarantee that this zone push the price...
#PETRONET 238
Breakout at ATH and Retested
TGT 275 and open for above
SL Not Applicable
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong....
look for buy when price test this demand Zone.
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on...
"JSW Steel has broken its all-time high today, ranging between 816 and 770. If you can get this share at any price within this range, you can consider investing in it, as it is expected to provide excellent returns in the near future."
this stock is showing strong bullish pressure..
multiple times facing the resistance 2420-2425 range if price breaks this range...will see a good upside movement.
keep in long side...
Market sentiment is very positive for Reliance after sell off for a week. RSI levels are in sold zone. Is reliance stock is getting ready for the pump? May be~~ but wait and understand the chart with the possibilities.
Next resistance level is 2450-2460 . this zone is also around EMA 10. so we may see a retracement at this zone. and if it happens than we have to...
The stock is trending downwards....
we have a strong demand zone at 2360 level...
when price comes here...look for buy...
we have a continuation bullish gap also be in the middle...take a look at this level as well..
both together may acts as support....
RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3.
This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
NSE:RELIANCE NSE:NIFTY MAJOR STOCK
DISCLAIMER: Do not consider this analysis as an Investment or Financial advise.This analysis is made for educational purpose.
Reliance is bullish in the higher timeframe like Weekly / Monthly but still we have seen some profit booking in the past sessions due to which we have seen some bearish movements in the smaller...
RELIANCE INDUSTRIES is the King of the Indian Stock Market and everyone knows about what role Reliance plays in India.
RELIANCE Stock has been in a consolidation since more than 2 years and is now trying to Breakout.
Let us first know about its Basic Fundamentals.
Profits are rising every year which is the most important point.
Balance Sheet is growing year on...
