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
CMP (Last Close) : 1741.65 Totally in uptrend... Every downfall towards 1717 bounce back zone for targets 1759 / 1788 / 1805 /1846 +. Brakout below 1702 targets of 1692 / 1684 not ruled out...... this is an update to teh idea alreay publised below... Like Share Follow........... Lets make wealth together
reliance is already at ATH. on bigger time frame, price consolidating, if you are able to catch breakout, you can make good bucks.
SHORT THE REALIANCE VERY GOOD OPPORTUNITY FOR THE NEXT 24H
reliance 2000 price soon... please like/share/comments if I am right as my reliance chart analysis.
Reliance heading to 1840+++++ Base case 1660 -1600 good support....
We discuss about daily breakout in last chart and we have that daily breakout now price going above. Target overall done with reliance debt free .. more to come
Recently the price have made a new all time high. Now all the news has factored in the price of stock. OI at 1700CE is increasing which acts as a resistance level for stock. Price has also made a Short hook setup at top with RSI in over bought levels. We can short the stock when we get the opportunity at right price. Maintain strict SL
Target for 1700-1800 levels support at 1470-1500 level wait for 3% min penetration Hope you like it . Please like and share
Reliance have a strong Resistance level at 1600-1620 levels. Every time it reach those levels and correct from there. All positive news of various instruments have already been there in price and there are chances of some profit booking & Pullback. Inspite of rise in RELIANCE there has NO SIGNS OF UNWINDING IN 1600CE, which indicates that there can be correction in price.
Reliance Industries has raised more than 100,000 Crore Rupees in the past 6 weeks, significantly reducing their net debt. - This is a good sign, showing institutional investors' interest and belief in the company. - Fundamentals aside, technically the price action seems to be breaking out of a Inverse head& Shoulder, along with a cup and handle pattern, Only...
Reliance after getting huge foreign investments also failed to break high of 1620, and still is trading below the long term bullish trend as you an ins the chart trading below diagonal line, this shows the bearishness of Reliance. Once can short reliance as per the targets mentioned in the charts . Longs only above All time high of 1620.
Opening above 1600 can take stock to 1650 levels. Opening below 1570 can take stock to 1540-1530 levels. Flat opening can make stock trade sideways in between 1600- 1570 levels.
be cautious, before making any decision. wait for the clear direction.
price in ascending triangle ready to break above wait for market to open and than we will take trade at retest if resistance isn't break than it can touch the support again.
but if volume lack, and reliance respect resistance then price can slip to 1450. also check his option chain data, you will notice something interesting.