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.
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 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...
Hello Everyone ! Please like idea and share your valuable feedback . Target for 1850 Can see clean breakout after 1770 level support -1700 level good buying level
RELIANCE - INTRADAY TRADE Based on simple trend structure + Candlestick pattern + RSI RANGE SHIFT
This analysis is only for educational purposes, Invest at your own risk! A strong uptrend can be seen in Reliance Industries , I personally think that the stock will show an increase in Price and Volume . The ON BALANCE VOLUME and MOVING AVERAGE Indicators Suggest an uptrend too. Therefore going long on 1459.40 INR (ENTRY POINT ) and targeting for some...
Reliance is near all times high, recent rally gets quite extended. 1600 would serve as good resistance in the short term. Stock can be accumulated if we see any dip, support for stocks lies at 1445 - 1455.
Important Monthly Support Broken. Looking Beautiful to Short I will enter Short at Blue box as shown in chart. Entry and Stop Loss as shown in chart.