RELIANCE
SUPREMEIND seems bullishProbability is a relatively less so i reduce my risk.
Please do your own research before trading or investing.
R-0171 BUY intraday Reliance Ind.If stays above VWAP 2135 we can see more upside in intraday.
It opens gap up and hold the upside so look good for 1-2 % atleast.
TK cross over followed by MACD indicates upside.
BUY @2132-2133
SL @2111
TGT @2165
BPCL anticipatory tradeRISKY TRADE I AM ANTICIPATING THIS TRADE.
Please do your own research before trading or investing.
Its time to change trend on Reliance.It might take more some day to give breakout but higher probability is to short term downtrend will come.
And reliance will give small correction,
SO BE READY TO SAW NEW CHANGES IN MARKET.
THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528
If you open account from below link you will get my Personalis support for learning and trading.
tinyurl.com
RELIANCE IMPORTANT LEVELS
THE LEVELS ARE CALCULATED BY FIBONNACI ANALYSIS.
AS YOU CAN SEE RELIANCE HAS RESPECTED THESE LEVELS IN THE PAST.
THE LONG TERM TARGET IS - 2446.45 THE END OF THE GREEN BOX
BUY NEAR THE IMPORTANT LEVEL OF 2070.70
FOR SHORT TERM TARGETS OF T1- 2136.90 T2- 2280.
NOTE THE PRICE ACTION NEAR THE IMP LEVELS AND TRADE ACCORDINGLY.
IMPORTANT LEVELS: 1977.45 , 2070.70 , 2136.90 , 2280 , 2315 , 2350.
Reliance - Flag and Triangle BreakoutReliance has given a Break out from a Combined Pattern of Flag and Triangle. Which is nicely supported by Volumes as well.
Reliance there is strong support 2065-2071 range and breakoo2171Reliance there is strong support 2065-2071 range and breakout 2171-2175
RELIANCE | Continuation
Reliance bounced back on the straong trendline support. I'm expecting it to hold.
MACD Supports the statement.
Pennant forming on the chart. While indicates continuation.
Note that Reliance Industries has a very positive market sentiment despite the covid hit economy. And is currently in price discovery!
Reliance is getting support from its Demand zone 1hrReliance is getting support from its Demand zone 1hr second last bullish hammer is clear indication
Reliance Long Swing Trading - Pennant FormingReliance Long Swing Trading - Pennant Forming
In Reliance swing trading opportunity for Long side.
Pennant pattern Forming on 4 HR chart and a breakout can be happened.
Add stock in you watch list.
Follow me for more intraday and swing trading ideas
RELIANCE LONG TERM LONG VIEW ELLIOT WAVESReliance is in Wave 3 wherein long term Targets is around 2500
Volume is diminishing Looks difficult to cross the Resistance Volume is diminishing Looks difficult to cross the Resistance of 2200 , and if break of course it will go and make a new swing high as now its news driven stocks.
reliance is expected to take a correction in a day or two watchreliance is expected to take a correction in a day or two watch
entry point between 2199 to 2165 add more short below 2135 stop loss will be 2205
target as on charts
time scale 7 to 9 days
on the upper side extended retracement is 2435
reliance has sign of medium reversal time scale july expirysale reliance entry levels 2142 to 2138
target mentioned in chart
stop loss 2168
