RELIANCE
Reliance might be in the zone from where it go/grow stronger Reliance is trying to come out of the squeezing triangle and is making the case for fresh entry above 2503 closing. The medium term target will be 2597 and the long term target will be 2700+. Reliance is a buy on dip and bounce candidate and also a Portfolio stock being India’s one of the premier companies. However for trading purpose if someone wants to keep a stop loss they should keep it at closing below 2175. Reliance is into Oil and Gas, Retail, telecom, Green energy and textile all together. Scope of value unlocking in the share is huge owing to the diversity of segments the company caters to. By all means the stock has potential to become a long term asset creator. One down side of the stock is that it trades at a expensive valuations of 29.1 currently. For Paper trading. Educational view only.
RELIANCE LONGReliance crossing 2400.
One more hurdle in the stock 2450. Once this breaks, we can again expect it to give a good move till 2750 levels.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Is it a good idea to buy RELIANCE now ? Good morning,
Today there is an intersection of many strong indicators:
1)there is a bull divergence confirmed by MACD😎
2) we are above the VWAP❤
3) the 4EMA indicator is in the right order and well condensed👌
4) we are protected by support😎
👀 I didn't really study the profit so protected yourself from market reverses!!
Good luck 💖
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe market saw rejection from higher levels today, but banks managed to perform a little better. The short-term structure seems reasonable, but the volatility still continues. Today was a tricky day for intraday bulls, especially if we do not consider the final hour or so.
RNAVAL Look for buyHi Guys, Very nice setup forming its a expanding flat. look for entry upto the break of mentioned resistance level it might come back or continue to go up break the bigger mentioned high.
RELIANCE - Bullish view on relianceThe stock has crested a good base at the level range of 2240 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 2751 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
Thanks & Regards,
If you feel you can make use of my views and put them to good use, request you to kindly revert with feedback/suggestion/improvement