RELIANCE
Short RelainceFor longer time frame 3-4 years, reliance may touch 2200.
For shorter time frame 2-4 weeks, reliance may touch 1615.
Wait for 1720; and if closing below 1720 then short it for target of 1615. Its already in overbought zone.
RELIANCE - GO SHORT WITH A RR OF 1:40RELIANCE - GO SHORT @ CMP WITH A SL OF 1920 AND A TARGET OF 1600. TARGET SHOULD BE ACHIEVED BY 10 AUGUST
Reliance : Clear Divergence There is clear divergence between price vs macd on daily tf.
Looking for a sideways to bearish till 1600 lvls in coming days.
RIL crossed its all time high and lots of positive news :)Relience industries retraced from its demand zone same time it crossed its all time high 1947 from tomorrow on wards we can see it above 2000 + level
Is Reliance forming parabolic pattern for a good upward trend ?Based on this Chart Reliance is forming a parabolic pattern for a good upward trend, what do you think ? Let's find out in October 2020!!
RELIANCE INDUSTRIES | BUYThe stock seems to be on a strong upward momentum with solid breakout above previous ATH. The stock seems to be poised for movement towards 2000. This provides us with a opportunity for a long trade in the stock. The stock seems to be a good buy at about Rs 1842 (Previous breakout zone) for a target of Rs 1972 with a stop at Rs 1787 on a closing basis.
RELIANCE - RISING WEDGE FORMATIONHello Everyone ! Reliance is forming rising wedge and there is tighter consolidation b/w higher highs . Be cautious , it is sign of reversal . But it can also give breakout if it sustains
TARGET -1900-2000 level
if trend reverse , support at 1700-1750 level
RELIANCE INDUSTRY - bounce back from support - Next level#Reliance is moving under Bullish channel and Very Bullish on Daily/Weekly/Monthly chart. it was falling since two day and after yesterday announcement about subscription amount Rs 43,574 crore from Jaadhu Holdings in Jio platform , stocl took support over trendline and moved UP and touched previous day High and closed below.
Showing Bullish in all Technical Parameter:
CCI in overbought zone
RSI is treading UP
Stoch is treading down from overbought zone
Aggressive New Long position
Stock Outperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1732 (A good level for buying)
Breakdown : 1800
CMP : 1826.75
Breakout : 1840
Short Target : 1874 and 1900
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Positive & Negative Point:
1) Very Bullish in Daily/weekly/Monthly chart.
2) Treading in overbought zone
3) Debt free in two month.
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(Disclaimer: This is only for educational purpose.)
already price is at ATH, so wait for breakout!reliance is now debt free, that's is the reason for this rocket move, so price is already so high so wait for more confirmations, ike breakout, volume etc
Reliance - Intraday Shorting OpportunityWatch out the trend line. If the price action breaks it affirmatively, a short intraday trade can be placed for around 20 points.
