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
#Reliance is moving under Bullish channel and Very Bullish on Daily/Weekly/Monthly chart. it was falling since two day and after yesterday announcement about subscription amount Rs 43,574 crore from Jaadhu Holdings in Jio platform , stocl took support over trendline and moved UP and touched previous day High and closed below. Showing Bullish in all Technical...
reliance is now debt free, that's is the reason for this rocket move, so price is already so high so wait for more confirmations, ike breakout, volume etc
ril making higher highs, now 52 on week high, after resisting from 1865 the price made a strong support at 1800, our new targets are shown in the chart, wait for breakout retest.
1. There was lot of accumulation happened in the zone of 1710-1720 2. After that base shifted towards 1735-1740 3. In last week, Reliance played important role to push Nifty higher. So when nifty will consolidate, Reliance too. 4. On Intel's investment it is trading at 1800 levels. But I still believe this not good zone to enter. In order to touch 1850, it has...
reliance is a at ATH, now stock is consolidating, if good volume came then it may give breakkout, if volume missing then chances are price will come down.
reliance is in very clean bullish triangle pattern wait for breakout