Reliance bounced back on the straong trendline support. I'm expecting it to hold. MACD Supports the statement. Pennant forming on the chart. While indicates continuation. Note that Reliance Industries has a very positive market sentiment despite the covid hit economy. And is currently in price discovery!
Reliance break out as per falling wedge pattern
CURRENT AFTER STOCK MADE HIGH OD 2298 NOW RIL IS IN PHASE OF PROFIT BOOKING WE MAY SEE LEVELS OF 1922 AND THEN 1850 LEVELS AGAIN. WHEN CONSOLIDATION STARTS WILL TAKE SOME NEW POSITIONS TILL THAT NO FRESH LONGS
Hi Friends This is my first Idea. Hope you like it! Elliot wave formed in the 4h and 1 day time frames I believe the Stock might fall up to 1980 and it will start its another bull run to 2300-2400 Then there will be a correction waves. Lets see how it goes. Thank you guys, Will follow up on my Idea. Have a great day
for this stock, i'm receiving mixed review, many people are saying it's speculative move, soon price will fall like a shot. many people are convinced with this move, coz of debt relaxation.
From march24 2020 to till a date if you observe stock you can see upper and upper rally , after Facebook invest @1000 level 9% its take speed to high and recent jiomart is making business like earlier JIO mobile DATA plan 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...
After a rocky ride post the 43rd AGM of NSE:RELIANCE , we witnessed a very sharp partial recovery. If previous levels are accepted, then RIL could be a good long cadidate as long as the 1880 support level is held. (not a recommendation; for educational purposes only)
after 20 march 2020, it's given 150%. it's a great stock for day traders.
RELIANCE : ALT BAT Immediate support at 1966 Near term support at 1910- 1920
RELIANCE - GO SHORT @ CMP WITH A SL OF 1920 AND A TARGET OF 1600. TARGET SHOULD BE ACHIEVED BY 10 AUGUST
Riding to 2000 / 2100 easily...
Based on this Chart Reliance is forming a parabolic pattern for a good upward trend, what do you think ? Let's find out in October 2020!!
Hello Everyone ! Reliance is forming rising wedge and there is tighter consolidation b/w higher highs . Be cautious , it is sign of reversal . But it can also give breakout if it sustains TARGET -1900-2000 level if trend reverse , support at 1700-1750 level