buy reliance ind above 1966.25 target is 1980 or moreplease buy reliance above 1966.25 tgt is 1980 or more sl is 10 points
RELIANCE
Reliance - Unable to Come out of Doji RangeReliance has again crossed 9DEMA and closed just below it. A short term play could be:
Long on closing above 1985 (21DEMA) with Stoploss at 1935 (Support Line).
Target 2047 (Fibo Retracement Levels)
Reliance - Downward Journey StartsFinally Reliance cleared it's direction after three Dojis towards down side by breaking all three Doji lows of 1920 in intrady and RSI is now below 40 again.
It's all set to test recent low of 1835 on Tuesday itself and then next two are fibo Retracement levels of:
61.8% - 1795
50% - 1680
Excellent buying opportunity below 1680 once RSI starts the Support sign.
Reliance Formed Third Doji - Range 1980-1920#Reliance formed a third Doji in last four days of Trade. There is strong clash between bulls and bears within the range of 1980 to 1920.
With expiry keeping things unclear, the #December series can see sharp moves in either direction once this range is broken on closing basis either side.
Ultimate targets remain the same - 1600 on lower side and 2200 on upper side with further upmove on closing above 2200
Reliance ShortReliance Short for 100 point. this one can also use intraday. if do intraday choose 15min candle
if do future or option keep trend parallels line is SL.
Reliance Second Doji FormationReliance has formed second Doji today. Still not able to clearly depict the movement. Same is the case with Nifty.
Look out for breakout either side for targets of either 2200 or 1600.
Reliance Doji Formation - Ready to Breakout - 2200 Vs 1600Reliance has been correcting continuously after the rumours of health issues of Mukesh Ambani. The undercurrent however was rationalisation and consolidation after a solid upmove.
The news flow stopped and whatever was due was bad news regarding Future Retail deal. Perfect time to enforce correction. Anyways reliance has had its share of limelight and next stories could only be regarding increase in tariffs contributing to bottomline.
Technicals show the support line which was well respected yesterday and today reliance formed a Doji in the backdrop of CCI approval.
Remains to be seen in which direction it takes breakout of this Doji however levels are going to be 1600 on lower side and 2200 on upper side.
While 1600 would represent a great long term buy, closing above 2200 would mean fast further upmove to show new all time highs.
All in all good buying opportunity with 300 points Stoploss.
RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020RELIANCE SETUP FOR 23 NOVEMBER 2020
trend analysis 2020 bullish trend was rising inside a parallel channel but it had breakout that channel and making correction to bullish trend
correction wave are five impulsive wave which are ready to rest resistance which are at 50% fib retracement of trend.
Reliance Trend AnalysisBulls will be entering at 200 MA area as its falling at Golden Ratio and there is also an intersection of two trendlines as confluence.
It will be a good opportunity for the ones who missed previous rally.
This is just my view and it doesn't mean any kind of trade recommendation.
Always consult your Financial Advisor before any kind of trading or investment activity.
Namaste.
Reliance Buy I will buy Reliance at current price or 1845 and hold it for 2002 with stop loss of 1800
Reliance Multiple support/resistance on hourlyReliance hourly has seen multiple support and resistance at 1960 levels. Break of this can give a quick short opportunity for 30-40 points. Reversals from this point can be a good look out point to build long for small upside. Over all good if breaks out of the range.
Reliance IndustriesRIL looks to be completing five wave structure.
We can look to short around 1680 levels.
OTM PE of 11000 can be bought around 2-3 rs for a target of 25-30 by June end.
RelianceThe corrections are on perfect febo levels - but still i feel it's incomplete
first target upside 2056 support 1991
Good trading
Noufal Mandalil
IGL TRIGGERED AND GAVE 2 % INTRA DAYTRADE BASED ON
1. PRICE ACTION
2. TREND LINE
3. RSI.4.
4. FIBO STRATEGY
