Indicators of the stock are suggesting a good momentum ahead as it has given internal positive crossover. Also Its has been taking strong support at short term moving averages which can act as stop loss. Stock could touch new life high in coming months.
The markets may just decide to reverse from here. We may see the sell off intensify. Need to trade with caution.
HEllo Frds, Reliance looking strong from current level 2437 , positional trade , Target 2684 Rs , add 1 more qty if goes around 2350 Note : this is for educational purpose only .
Reliance breaks it's support n my near by tgt i mentioned. I already hold put options from last week.
RIL should fall up to 2493 if it crosses below 2505. Should spend some time below 2505.
Stage 2A - Week of 12.6.23 - above all mas - increasing volume - double bottom It has bounced from a confluence of moving averages and ready to rip now!
Reverse by strong trend line and follow Fibo levels.
Strong support and big change for reversal. Target 2625
We may see Reliance fall on the 11th . Reliance should fall upto 2489/ 2486. Imp levels mentioned on the chart.
RIL may fall a bit on 10th May. May fall up to 2460 / 2450. RIL entering a pullback
We may see RIL move up on 8th and 9th May. Should move to 2500 by 9th May.
Buy RIL for a tgt of 2470 by the 4th of May. RIL bouncing back and how.
We should see some +ve movement in RIL on 28th Apr. Should move up to 2400. Imp levels mentioned on the chart.
We should see some move upwards in RIL if it crosses 2363. As of now that looks possible. Else RIL will stay below and fall a bit. Imp levels mentioned on the chart
We should see some mildly +ve day in the stocks mentioned in bold. The stocks which should see the most action are RIL, TCS, TechM.
Reliance has to stay above 2362. I 'm sure it will but if it does not , RIL will not move up. If it does move away and upwards from 2362, we will see a good upwards move.
Reliance should move up on 24th Apr. We should see an upwards move of around 10 to 20 points. Trend suggests 10 points.
Reliance may fall on the 21st of Apr. It has been consolidating for some time and may fall up to 2335. Don't see any major dip here as the earnings will decide the next move. Imp pivot levels mentioned on the chart.