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Relianceindustries

Reliance Industries - Unless closed above 1350 trends seems weakReliance industries announced that deal with Aramco is for USD 75 bn but Saudi Aramco said it is only letter of intent. Still long way to go...Some of the past events / news showing that reliance is desperate to reduce debt so trying for stake sale. GDR has given thumps up to AGM and closed 6% from previous closing price. But stock trend has broken which is confirmed by OBV. Unless stock closes above 1350 stocks trends seems to be weak....
NSE:RELIANCEShort
by vivekgujrati
reliance infrastructure - Where is the bottom?Hello everyone In long term I can see that reliance infrastructure bottom is stil not come. Consider to watch the chart, It make a descending triangle pattern. What is descending triangle pattern? Answer : Descending triangle is a bearish continuation pattern. The pattern is usually observed in a downtrend. There are few instances the pattern is seen during an uptrend acting as a reversal pattern but is considered as a bearish pattern regardless of where it occurs. The descending triangle is also known as right angle triangle because of it shape. The horizontal line acts as a zone of support. It is as if there is heavy buying interest at this level preventing the stock from falling further. It is the lower highs along the declining trend line that signals greater selling pressure and gives the pattern its bearish feature. The technical target is arrived at by computing the vertical height of the pattern and adding this height to the breakout point. It can also be computed by drawing a line parallel to the base of the triangle through the trough of the first correction.
NSE:RELINFRAShort
by CodeViser
3
Reliance -Making Bullish Breakout pattern PENNANTHello everyone, I am sharing my Idea for Reliance Industries. Reliance is about to make " Pennant" Bullish breakout pattern in a day time frame. we Just need confirmation. What is Pennant Pattern? Pennant is a short-term continuation pattern. It is created when there is significant price movement in the stock, i.e. strong volume rally on the back of positive fundamental development followed by several days of narrowing price consolidation in the stock on light volumes. Finally a fresh breakout is observed in the direction of the prevailing trend with a surge in volumes once again. The duration of the pattern is usually a few weeks. The pennant is in effect a very small triangle. The technical price target for a pennant is arrived at by computing the height of the flag pole and adding it to the eventual breakout point after consolidation.
NSE:RELIANCELong
by CodeViser
4
Buy Reliance post 960,target 1050 Reliance has been trending well in a horizontal range since a long time and the recent correction due to the macro economic monetary policies resulted in a breakout being exhausted and a failed breakout , with NIFTY making a tripple top on hourly charts and other variables looking bullish, A chance to buy reliance again for the breakout of 960 resistance line (Target is measured by the distance between the resistance and horizontal line which forms a rectangular box ) A Tripple top will result in a strong breakout post 960.Lookout,its going to be extremely fast and violent **If you liked this idea,please hit follow for more updates.
NSE:RELIANCELong
by kayan9