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.
RELIANCE
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
Nifty 50 & stocks trend analysisSummary of behaviour of nifty & banknifty & other stocks after US election voting count as on 4th november 2020.
RELIANCE -Key levels Hello Everyone! I am expecting more downside from reliance . And key levels to watch is 1800 -1600. Once it breaks trendline , can give more downside move . SO stay cautious and be ready to accumulate
Reliance IndustriesThe pull back seems incomplete
Buylimit @1869 s/l 1835 tp 1960 would be a better bid
Good trading
Noufal Mandalil
Reliance Target +2100RSI At the lowest level you can see on the chart and according to my experience I can say 2100 price will hit very soon...So invest and hold for a few days...Best of luck.
Reliance , no down move further , new buy or avg at cmpreliance is showing breakdown on price chart but if we look RSI chart it is under control and taking good support on rsi channel , we can expect up move from here. buy or avg at cmp for target 2000, 2160,2300
Reliance Industries - Down Fall on 2nd Nov 2020 Reliance Industries - Down Fall on 2nd Nov 2020
Reliance has been down on 2nd Nov and looks as per technical chart - it can find support at 1800 Level - which can be a good Entry Point as well
Reliance SHOW is over NOW time to get out of MOVIE THEATERHi Friends,
Reliance had a very good bull run, but this mov(i)e seems to be over.
So, my view is, if Reliance can not able to close above 2170 level on daily closing basis, then its bull run is finished.
If you want to go short keep stoploss of 2170 level.
Your humble trader,
KIRAN
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Disclaimer: THESE IDEAS ARE EDUCATIONAL PURPOSE ONLY, I AM NOT REGISTERED FINANCIAL ADVISOR. DO YOUR OWN DUE DILIGENCE.
RELIANCE LONGGO LONG IN RELIANCE INDUSTRIES LTD.
WAVE 4 IS COMPLETED CONSIDERING A=C NEAR 2106. IF IT GIVES FURTHER CORRECTION MAY TOUCH TO 1982 WHICH IS 1.618 OF WAVE A. BUT IT SEEMS UNLIKELY AS WE CAN CLEARLY SEE 5 WAVES DOWN IN LEG C OF ABC CORRECTION IN WAVE 4. PROJECTION OF WAVE 5 IS AROUND 3048
RELIANCE IS GOING TO FALL TO THE 1800 TO 1700 ZONERELIANCE IS COMING TO TAKE SUPPORT AT ITS BIG MONTHLY TRENDLINE (2008 TO 2020 BREAKOUT ZONE).
Reliance getting ready to zoomA good volume is there in the cash segment of reliance.
On the technical side - RSI is showing good support to this volume.
1980-2000 is good support. Reliance is weak only below 1980 on a closing basis only.
It is a good point to go long with stop loss below support.
Bullish Crab - RELIANCE- Daily TF.Hello,
Pattern : Bullish Crab
Stock : NSE:RELIANCE
Time Frame : Daily.
Always look for reversal patterns in rectangle box area which is a reversal zone and take trade basis on it.
Note : This chart is only for study and reference purpose.
#ABFRL #NSE #NIFTY #BANKNIFTY #FASHION #IoT #ML #INVEST #TRADE #ABFRL
Aditya Birla Fashion and Retail Ltd.
CMP: 164.95
Target: 188
SL: 127
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Live Intraday Trading - Trend is my friend !!When you are on same track along with reliance and nifty then you can never loose.
