Reliance Industries - Down Fall on 2nd Nov 2020 Reliance has been down on 2nd Nov and looks as per technical chart - it can find support at 1800 Level - which can be a good Entry Point as well
GO LONG IN RELIANCE INDUSTRIES LTD. WAVE 4 IS COMPLETED CONSIDERING A=C NEAR 2106. IF IT GIVES FURTHER CORRECTION MAY TOUCH TO 1982 WHICH IS 1.618 OF WAVE A. BUT IT SEEMS UNLIKELY AS WE CAN CLEARLY SEE 5 WAVES DOWN IN LEG C OF ABC CORRECTION IN WAVE 4. PROJECTION OF WAVE 5 IS AROUND 3048
NSE:RELIANCE Possibilities ready for buy at every deep. Investment Pick. Disclaimer: I am not a SEBI register person please contact your financial advisor for advice
A good volume is there in the cash segment of reliance. On the technical side - RSI is showing good support to this volume. 1980-2000 is good support. Reliance is weak only below 1980 on a closing basis only. It is a good point to go long with stop loss below support.
Reliance formed a double top pattern in daily basis, as well it is in demand zone now, buy it above 2285 and sell it below 2260
"Market Structure" Investors won't get stuck from medium to long term perspective even if they enter RIL from here. There could be a small correction in short to very short term but that should be seen as an opportunity to enter in.
Reliance has been taking support from the long term trend line as depicted in the chart. Short term trend has formed a Head and shoulders pattern which indicates reversal of uptrend. If support is strong then expect the price to hover around 2210-2250 for a few sessions. Long-only above 2280.
Hi Friends, I got the request from one of my follower to give the update on Reliance, So here it is. RELIANCE gave Huge run, So far it is good. But now it is the decision time. you might have these questions in your mind. Shall I enter at this price? Shall I book profit? Shall I accumulate the stock? Resistance area for Reliance is 2244 - 2266 (it is 2-3%...
Trading the chart with indicators, trendlines, breakouts, even the candlestick analysis are not enough to follow the order flow. For that one need an edge. Just follow the big money , follow the order flow. Happy trading
currently reliance is trading at rs 2315...and my analysis says that it will fall down because according to RSI it was in overbought condition ..and that's why it is falling today ...and also according to SHOCKASTIC technical analysis it is also saying that it will go down because blue crosses the orange line or blue line is below orange line and i also analysed...
Bullish Flag forming in RIL. Can buy near the base of the near 2275.
Buy Above 2205 Target - 2235 / 2250 / 2300 Stoploss - 2140 We are not SEBI registered
RELIANCE TECHNICAL ANALYSIS FOR INTRADAY AND UPCOMING WEEK