RELIANCE - GO SHORT @ CMP WITH A SL OF 1462 AND A TARGET OF 1391. TARGET SHOULD BE ACHIEVED BY 26 MAY 2020
RELIANCE - GO LONG WITH A SL OF 1412 AND A TARGET 1 OF 1496 AND A TARGET 2 OF 1528. IF TARGET 1 IS ACHIEVED BY 18 MAY, REMAIN IN POSITION FOR A NEW HIGH BY 22 MAY 2020
RELIANCE IND. HOW TO TRADE IN UPCOMING DAYS...
RELIANCE - GO SHORT @ CMP WITH A SL OF 1594 AND A TARGET1 OF 1445 AND A TARGET 2 OF 1322
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 - GO SHORT @ CMP WITH A SL OF 1222 AND A TARGET OF 1060.
RELIANCE - GO LONG @ 1064 WITH A SL OF 1044 AND A TARGET OF 1194. TARGET SHOULD BE ACHIEVED BY 9 APRIL 2020
Govt seeking restraint on RIL stake sale to Aramco Reversal here below 1590 should take it to 1579,1555
Reliance waiting for reliance for break out. It looks like it can be break positively.
Price is moving in downwards range. Trend is also down, so, it is pure indicates that to go for short.
Reliance in a strong downtrend. Presents a good short opportunity for Target of Rs 995-955 Range.
As we can see RIL is near a good support zone keep buy at 1130
Reaching Monthly Trendline 1270.40 possibility of going short, entry on retest.
There is a Possibility of 50 % Retracement in Reliance to around 1150 levels, It will also act as a structure test, Some Really Good Selling Patterns are also coming up in daily charts...
Reliance is at upper level of channel and near old Supply area. the trade on long side is not giving good risk to reward ratio. where as short trade may give more points move in price. Levels are marked on chart.