RELIANCE
RELIANCE - Possible Outlook 2020On request charting for a friend. Feels like the COVID Virus would go well will the last impulsive push down to the green buy zone, followed by impulsive move upwards and beyond.
If you are new to my feed, please like and follow if you find value in this idea. I am a budding FOREX trader in the USA, and categorize myself as a midterm and long term swing Trader.
Not financial advice. Enjoy the trade. Thanks a ton friends for your support. Loving the community here so far.
Cheers
Reliance Industries making new highsReliance Industries, like the NIFTY looks to soar higher.
In order to create a strategy for my friends who currently hold this stock in their portfolio or are looking at buying fresh, here is a quick guide for various support/ resistance levels marked with various years they have been found very useful acting as a point of support/ resistance
While my analysis runs down right from the time the stock is listed, some of thay cant be made visible given the constraint of space and presentation
Do note some lines end up being very useful as they are a constant testing zone.
Point to remember, the more the line is tested as resistance or support levels in the past, more the significance of the breakout and price action thereof and needs to be checked with near term confirmation parameters to confirm the breakout
Currently, Reliance industries is an uptrend and is continuously forming higher highs and higher lows…I will do a detailed analysis on this stock on a later chart with weekly/ monthly charts to have a more hands on look at price movement
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Nifty 50 Intraday Trade setup before the expiry 22 JanuaryIn this chart you can see that I only give Buy signal only because on the chart I didn't seen any short signal . There is 2 levels to open a long. You guys need to wait for support level which is good to build a long position in Intraday or wait to breakout the yesterday High,