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RELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTDRELIANCE INDUSTRIES LTD

RELIANCE INDUSTRIES LTD

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RELIANCEPP trade ideas

More Bullish ?Despite several International Brokerage Houses upping Reliance Industries target we are seeing, a giant dip. Now, will it go up or down only time will tell. However, this appears like the last shake-up before a phenomenal move upwards towards the 3000+ area and looks plump for a massive leg-up. Now keep in mind. Bull runs are always in fear and then disbelief and by the time the retailers get adjusted and come in for the ride the majority of the journey is over. Fundamentally, Reliance has posted good results and there seems to be no good reason for it to dip unexpectedly or turn bearish. Buying on support would be a good idea for this stock. And inevitably its bound to push nifty higher singlehandedly. ps, Buying the dip could be good, Remember even monkeys can make money in bull market, but Millionaires are made in bear market. (buying on dips for the right stock @ d right amount)
NSE:RELIANCE
by Sarcastic_Sharma
RELIANCE - Price Action Analysis Currently , NSE:RELIANCE is taking support at the dynamic trendline. It has already been activated Harmonic Bat pattern with PRZ level 0.886 at 2204. BUY : If It is continue falling then Buying opportunity will only happen when price holds at 2200 and makes confirmation candle or price has to hold above 2500 level with breakout candle. SELL : Level of 2400 works as Selling Zone so further falling can see. you can get a short opportunity if any reversal happens at that price or if sustains above 2400 then 2500 again works as resistance so do accordingly. NOTE : Buyers can wait up to 2200 or any reversal at resistance you can take short with strict SL with good Risk and rewards.
NSE:RELIANCELong
by vraj8597
Long Term Portfolio Stock with potential for value unlocking. Reliance CMP 2477 has give an above Par to Good result. So many Acquisitions and right moves by the management. Plus as said earlier the value unlocking potential is huge considering IPO of JIO and other business segregations that may happen. For Long Term SIP buying is suggested to 3 to 5% of your Portfolio Value. For Short term it is trapped in the squeezing triangle. Next week it has potential to take the market up with it or down with it. If it goes down accumulate on dips. If it starts moving up buy at CMP. Medium term target 2700+. Long term target 3000+. Portfolio Stock. Long term Investment. I would not hesitate on buying at CMP and add more if price dips by chance.
NSE:RELIANCELong
by Happy_Candles_Investment
Reliance. Only a matter of WHEN not IFFor Educational purposes Only: Ascending channel patterns: Or rising channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns. The ascending channel pattern is often followed by lower prices, but only after a downside penetration of the lower trend line. The stock will continue channeling upward until it is able to break either the upper or lower trend line. Keeping that in mind ascending channels are notorious for taking your SL , but make hay while the sun shines. buy from intraday support or wait for the breakout or breakdown. One can almost mistake the structure of reliance and nifty 50 to be twins. But thats just because of Ambani's weightage in Nifty. If you dont know what "weightage" is you should not be looking at this chart or trading. I neither have the time nor the crayons to explain this to you. #meanDaddy
NSE:RELIANCE
by Sarcastic_Sharma