are are at very important level. 71.76% is up from the low. cow companies moving like this is incredible.
Reliance was unable to break an important psychological level of 1500 twice, we have immediate support at 1460 which is 0.786 retracement and failing to sustain it can create shorting opportunities.
The top has formed and the next level I'm eyeing to load my bags is at the mentioned buy region. I'm looking forward for a Inverse H&S to play out. I'll see what happens and update accordingly. -Kautilya.K
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These are my views for the coming days for Reliance... The market looks strong with an upward bias mostly but i see some profit booking to pull Reliance to recent support levels...
Sell Reliance @ 1220 Target 1180 Sl 1240 closing
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Broke key support level. Next level is at 1108. Please share you rcomments
RELIANCE - GO SHORT @ CMP WITH A SL OF 1264.4 AND A TARGET OF 1064. THERE IS A HIGH PROBABILITY THAT THIS TARGET WILL BE ACHIEVED, HOWEVER, FOR THE TARGET TO BE ACHIEVED ON MONDAY, I.E. 13 APRIL, FOLLOWING SHOULD BE SATISFIED 1. THE OPEN SHOULD BE BELOW 1205 OR 2. IF THE OPEN IS ABOVE 1205, THE DURATION TAKEN FOR THE MOVE FROM 1205 TO THE HIGH (1224.9 OR THE...
Reliance industries is in uptrend and touching the resistance level, It can go down to touch the fibonacci golden zone to continue the trend.
Friends, please support this idea with LIKE if you find it useful. I'm seeing a buy opportunity here. Use the pullback to get in. Reason: - Price hit a support - sellers were struggling to push the price down. - Weak resistance to the upside. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...
#Reliance looks side ways for tomorrow and bearish may go till 1120 by 04/15.
RIL taking Support around Level @ 1030, Can be hold for Target 1100, & 1150
RELIANCE - GO LONG @ 1064 WITH A SL OF 1044 AND A TARGET OF 1194. TARGET SHOULD BE ACHIEVED BY 9 APRIL 2020
RELIANCE - GO LONG @ CMP WITH A SL OF 998 AND A TARGET OF 1152
we are seeing lot of gaps, shorter time frame, better it would be.
We can say, the reliance has sustain the movement which it received yesterday. "When reliance runs, it make sure nifty will run too" It is closed above 23.60% retrenchment level and has got historical support as well, mark with green trend line. next resistance will be at 1155-1168 level. make short purchase at CMP, if market dynamic changes, it goes dip again...
Reliance will face Resistance @ 970, above that 990, 1030