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RELIANCE to break support, steep fall in the coming days NSE:RELIANCE is about to see major fall in the coming days with price likely to fall as low as 1810 . The Moving Average 50 has just crossed over the Moving Average 20. Past performance shows this results in price falling to around 2-3%. Moreover the Moving Average 200 is closing gap with MA50 and MA20 and if crosses above them, the stock can see an even greater fall going below 1800. Furthermore past few days show huge bearish body candles showing a downtrend. Only positive news (Global or Company related) can take the price up.
NSE:RELIANCEShort
by stonksksk
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NSE:RELIANCEShort
by RTDStocks
2
RELIANCE - BUY IN DIPSReliance is a good buy in the dips around the support region, in the last few trading sessions, we have seen huge selloffs and profit booking but the price has been making higher lows since the last couple trading sessions. It's on the road to recovery but will find it challenging to break the resistance which has formed over the last 3-4 months of trading. We are not expecting any major news for the price to breakout quickly which happened in the last few months. There's still the saudi aramco deal to go through which may come as a suprise to anyone on the market.
NSE:RELIANCELong
by jashjacob