RELIANCE
#Reliance.... All trading levels u need to know.....
CMP (Last Close) : 1741.65
Totally in uptrend...
Every downfall towards 1717 bounce back zone for targets 1759 / 1788 / 1805 /1846 +.
Brakout below 1702 targets of 1692 / 1684 not ruled out......
this is an update to teh idea alreay publised below...
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Reliance Industries _ Ready to flying again it has been a good time to reliance in the bad time to the country, have been following it since it Facebook agreement ,
Now it's all set up for a breakout
look at it a perfect way of breakouts has been made till today ..
hope today it will fly up ...or else on monday
the leverage is high in reliance so don't miss it out .
Remember I'm no one.
You need to:
see:
think :
decide:
it's your money:
all the best
RELIANCE | Very BullishReliance Industries has raised more than 100,000 Crore Rupees in the past 6 weeks, significantly reducing their net debt.
- This is a good sign, showing institutional investors' interest and belief in the company.
- Fundamentals aside, technically the price action seems to be breaking out of a Inverse head& Shoulder, along with a cup and handle pattern, Only adding to the bullishness of the stock.
-MACD also is converging to form a bullish crossover on the 4H chart.
- Reliance is a very big player in the Telco sector in one of the most populated countries in the world, showing their profit margin capabilities.
I'm very bullish on this stock in the long term and i expect positive price action to follow up this week.
Will reliance break ATH?Reliance after getting huge foreign investments also failed to break high of 1620, and still is trading below the long term bullish trend as you an ins the chart trading below diagonal line, this shows the bearishness of Reliance. Once can short reliance as per the targets mentioned in the charts . Longs only above All time high of 1620.