Reliance Industries formed Deep Crab Pattern on Daily chart. Those whose missed the bus, do not hurry to buy the stock at the current price , considering the resistance suggested by the pattern. Let the stock settle for some time , will update buy levels , when gets some hints from price action.
Hello Everyone! Reliance is forming flag pattern and simultaneously forming bullish pennant . So above 2200 you can go long and can expect 10% return . Stoploss -2150 Thankyou and plz share your views
Why this trade? Technical Data: 1. Reliance was holding 2040-2050 very strongly despite of large move in the last few months. Also in the market of uncertainty. 2. We saw one way rally from 1611 to the 2198.90 when it breaks ATH of 21st January. 3. The most interesting thing is consolidation on higher levels for 30 trading sessions ( over 42 days ) and it never...
Intraday Cash Buy RELIANCE @2110.00-2111.10 SL 2091 TGT 2160 1. Above VWAP 2. TK cross over 3. Pivot break out 2092 next resistance is 2184 4. ichomoku cloud break out 5. MACD cross over
Reliance Industries has a possible Pole and Flag pattern. A decisive breakout above 2200 can activate the target of roughly 2600
What is hit and run trade ? 1.Got very good partials when it was trading at high's. 2.It hit my target , I took my partials . 3.Stock went back to it's stop loss. 4.If I would have not taken partials at right time , I would have ended in loss. 5.Got out when the stock hit it's stop loss.
Reliance Industries hit lifetime high of ₹2,198.8 in July and since then, it has been moving in a sideways trend. Whatsoever, the stock is still bullish as it continues to trade above ₹2,000. It will most probably rally sooner or later. Note: The Supreme Court is likely to says its verdict on AGR issue on September 2 and this can impact the stock price. Watch closely.
NSE:RELIANCE bounced from the lower support trend line of bullish channel. It also completed corrective abc wave. Now it may go ahead for a wave 5.
Candle pattern changed. It'll head towards 1800.
The graph has reached a strong demand zone. There are 2 possibilities now : 1. It can break this demand zone and fall further. 2. It can rise up from this demand zone and go up to 2100 -2117 . Watch and Trade accordingly.
Reliance was doing good in parallel channel now its has broken channel and even its in triangle where 2084-2080 is good and strong demand zone we can say , and it got rejection from that area on Friday so it's possible that it will be bullish on tomorrow and take retrace move to 2117-2120 then fall as per my chart. ***educational purpose only**
Nothing beats an old fashion conglomerate. Last week, we talked about the social media conglomerate we have all come to know on Facebook. However, the business we’re going to be talking about today dips its fingers into many industries. Reliance Industries Limited is an Indian multinational conglomerate with assets in Energy, petrochemicals, textiles, natural...
chances are very high to take support, but anything can happen. if stock took support go long and if it breaks go short. don't complicate it. trading is buying strong stock and selling weak strong, that's it.
If stays above VWAP 2135 we can see more upside in intraday. It opens gap up and hold the upside so look good for 1-2 % atleast. TK cross over followed by MACD indicates upside. BUY @2132-2133 SL @2111 TGT @2165
It might take more some day to give breakout but higher probability is to short term downtrend will come. And reliance will give small correction, SO BE READY TO SAW NEW CHANGES IN MARKET. THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528 If you open account from below link you...
THE LEVELS ARE CALCULATED BY FIBONNACI ANALYSIS. AS YOU CAN SEE RELIANCE HAS RESPECTED THESE LEVELS IN THE PAST. THE LONG TERM TARGET IS - 2446.45 THE END OF THE GREEN BOX BUY NEAR THE IMPORTANT LEVEL OF 2070.70 FOR SHORT TERM TARGETS OF T1- 2136.90 T2- 2280. NOTE THE PRICE ACTION NEAR THE IMP LEVELS AND TRADE ACCORDINGLY. IMPORTANT LEVELS: 1977.45 , 2070.70 ,...
Reliance has given a Break out from a Combined Pattern of Flag and Triangle. Which is nicely supported by Volumes as well.