Reliance Positional ViewInverted Cup and Handle made on Daily TF.
Monthly Fibo level market..
Support can be from the channel or from the inverted C&H level mentioned.
RIGD trade ideas
relianceDue to the presence of leading diagonals, there was a retracement of about 78%. Now is the time to buy the stock as the"UP" trend is going to start.
reliance wave idea updatethis is an update of the earlier idea which I had posted. EARLIER I WAS OF THE VIEW that 5th of the 5th wave had started however it formed a triangle which is generally present on the 4th wave it also confirmed that we are in the 4th intermediate wave of the primary wave 5. so there is no need to panic as the last wave is left before MAJOR CORRECTIONS START.
reliance wave analysis updateI have updated the video, let us see what happens tomorrow. please do comment and share your views
reliance wave analysisplease comment on the wave analysis. I have taken the whole chart and applied wave theory to it.
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Reliance (Long)reliance is a buy till it breaks the trendline.
sp, tgts and other levels as given on the chart.
till now reliance is following as shown on charts.
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
Reliance industry Reliance crossed its resistance of 2570 also took support of trndline of 2008 on monthly chart , closed above EMA20 on daily chart, seeking target 2750.
Reliance_Long1. FII's - Bullish about Market
2.Reliance is on their radar
3.Price action - Also Bullish
RelianceCharts has strong resistance at 2555 and is forming a harmonic pattern called Bearish shark should see drop in price from
given level. Stop loss is on closing basis
REL BEARISHReliance bearish as per equity hack hull atr. This is my first try and honestly just testing things.
RELIANCE - Bullish set up Reversal of polarity assisted by regular bullish divergence.
One can enter with a small SL of 2500 (daily closing basis)
RELIANCE 30 MIN CHART Given trendline breakout , can add until 2490-2500 , intraday tgt 2545-2550, positional 2600
Ready for upmoveI think reliance has doe it's correction for 4th wave
..
May give an up move till 2800 for 5th wave.
This is not a trading advice.
Regards
RELIANCE INDS NEAR SUPPORTvery good fundamental stock has fallen after a rally hope it doesn't reverse now and comes to our level for entry!
Reliance showing recent lower high lower low1. making lower low lower high
2. Negative Divergance in RSI
3. Trading belwo breakout level
4. now at important support once this fail and swing low broke can go down
