reliance is about to touch new high buy and hold for 2500 reliance hold for bullish move new high will come very soon
Reliancestock
RIIL - Long viewTrading idea for the stock
Buy: 757
Target: 804
Stop loss: 747
Profit: 4700
Loss: 1000
Risk/Reward: 1:4.7
Quantity: 100
Look for booking partial profit at 780 levels and then trail the rest.
R1 - 782.90
R2 - 824.10
R3 - 906.50
S1 - 659.30
S2 - 576.90
S3 - 535.70
Ruel Fernandes
ruelfernandes@gmail.com
9819683693
Reliance:At Hourly TF , CM closing price of reliance industry seems to be intresting. Perfectly At the junction of breakout on all the patterns. Looking at the volumes seems to be some selling happened before today's event. Intresting to how price moves ....
For downside have market next level and upside only when channel in green gives breakout.
already price is at ATH, so wait for breakout!reliance is now debt free, that's is the reason for this rocket move, so price is already so high so wait for more confirmations, ike breakout, volume etc
reliance it's nr to ATH, this resistance is very important.if price manage to break this level with volume, price can go like rocket. but it's really tough to break this level right now, if price going to face resistance then we all are know what will happen.
Days of Reliance are OVER. Will enter Short Position at Blue BoxImportant Monthly Support Broken. Looking Beautiful to Short
I will enter Short at Blue box as shown in chart.
Entry and Stop Loss as shown in chart.
