Relianceindustries
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.
RELIANCE INDUSTRIES | BUY OPPORTUNITY |NSE IndiaFriends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reason:
- Price hit a support
- sellers were struggling to push the price down.
- Weak resistance to the upside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
SPOT:HOLD RIL Support/SL Level @ 1030, Target 1100, & 1150RIL taking Support around Level @ 1030, Can be hold for Target 1100, & 1150
RELIANCE - GO LONG FOR A RR OF 1:7RELIANCE - GO LONG @ 1064 WITH A SL OF 1044 AND A TARGET OF 1194. TARGET SHOULD BE ACHIEVED BY 9 APRIL 2020
