RELIANCE - GO LONG FOR A NEW HIGHRELIANCE - GO LONG WITH A SL OF 1412 AND A TARGET 1 OF 1496 AND A TARGET 2 OF 1528. IF TARGET 1 IS ACHIEVED BY 18 MAY, REMAIN IN POSITION FOR A NEW HIGH BY 22 MAY 2020
Relianceindustries
Reliance - Key Reversal Candle at previous resistanceReliance Industries formed key reversal candle on its weekly chart confirming previous resistance @1600 levels.
Negative Divergence at 60 levels is clearly visible on the chart.
So coming any move below 1400 levels can take stock to 1200 to 1150 levels.
Reliance IndustriesHello friends, how are you doing today?
You can Long reliance: 1490-1480 with stop loss 1450
for likely toward the target of 1550: 1620
Our last month analysis rocks
Thanks, message for further enquiry
RELIANCE INDUSTRIES EXPECTEDD TRENDLINE BREAKDOWNAS YOU CAN SEE RELIANCE IS AT ITS MAJOR RESISTANCE AND ITS ALSO NEARLY 60% UP FROM ITS PREVIOUS LOW WHICH MEANS FIBONACCI RETRACEMENT POINT IS ALSO ACTIVE HERE SO THERE IS EXPECTED BREAKDOWN IN RELIANCE AND IT MIGHT BE A SMALL CORRECTION.
ITS ONLY FOR EDUCATIONAL PURPOSE
REliance IndustriesAnyone like to share their views on this chart ??
What do you think reliance gonna do now ??
Is it gonna go up
Or go down or trade sideways.
Write down your observation in the comment section below.
Reliance - Near all times highReliance is near all times high, recent rally gets quite extended.
1600 would serve as good resistance in the short term.
Stock can be accumulated if we see any dip, support for stocks lies at 1445 - 1455.
Reliance Vs Bharti
Red Line is of bhartiairtel and blue is of reliance industries.
Look how similar their chart structure is, Now reliance industries is more of a telecom company than a refinery company.
RELIANCE - GO SHORT FOR A TREMENDOUS RR RELIANCE - GO SHORT @ CMP WITH A SL OF 1594 AND A TARGET1 OF 1445 AND A TARGET 2 OF 1322
Reliance ~ A big daddy of Nifty is in trouble?I feel pullback rally over on this counter, now rejecting important resistance at 1570. I strongly feel we might break march low in coming months. SL for this 1600.
Breaking march low will take stock to 600. which i feel is good investment zone.
what a up move, in this kind of market 👏are are at very important level.
71.76% is up from the low. cow companies moving like this is incredible.
RELIANCE SHORTReliance was unable to break an important psychological level of 1500 twice, we have immediate support at 1460 which is 0.786 retracement and failing to sustain it can create shorting opportunities.
[ Reliance Industries LTD ] what's next?The top has formed and the next level I'm eyeing to load my bags is at the mentioned buy region. I'm looking forward for a Inverse H&S to play out. I'll see what happens and update accordingly.
-Kautilya.K
@ !!!-_-!!! Reliance Trend - Coming Soon These are my views for the coming days for Reliance...
The market looks strong with an upward bias mostly but i see some profit booking to pull Reliance to recent support levels...
RELIANCE EXPECTED CHART PATTERNITS FREE MINDED DRAWING,ITS FOR EDUCATIONAL PURPOSE THINK TWICE BEFORE TAKE TRADE BASED ON THIS INFORMATION
THANKS FOR YOUR LOVE AND SUPPORT .
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Reliance Projection on next few daysBroke key support level. Next level is at 1108.
Please share you rcomments
RELIANCE - GO SHORT FOR A RR OF 1:4 ON 13 APRIL - CONDITIONALRELIANCE - GO SHORT @ CMP WITH A SL OF 1264.4 AND A TARGET OF 1064. THERE IS A HIGH PROBABILITY THAT THIS TARGET WILL BE ACHIEVED, HOWEVER, FOR THE TARGET TO BE ACHIEVED ON MONDAY, I.E. 13 APRIL, FOLLOWING SHOULD BE SATISFIED
1. THE OPEN SHOULD BE BELOW 1205 OR
2. IF THE OPEN IS ABOVE 1205, THE DURATION TAKEN FOR THE MOVE FROM 1205 TO THE HIGH (1224.9 OR THE DAY'S HIGH ON 13 APRIL) SHOULD BE GREATER THAN THE DURATION REQUIRED TO BREACH 1205
Reliance industries Reliance industries is in uptrend and touching the resistance level,
It can go down to touch the fibonacci golden zone to continue the trend.
