RELINFRA trade ideas
Reliance Infrastructure ------ Reliance Infrastructure...........
Multi month breakout.............
Green dashed line make or break level.
Monthly close below 96.55 kindly exit your cash positions.........
Profit booking levels marked..........
Happy Trading..........
Triangle Pattern and Supply zoneStock Analysis: Relinfra has formed triangle pattern and trading near supply zone (red), breaking and closing above supply zone we can expect good movement for the target given on the chart with stop loss as demand area(green) given on the chart. Let's see..
Happy Investing.
RELIANCE INFRASTRUCTURE | AnalysisAs Many of you know that INDIAN Budget 2021 is focused on infrastructure and It is pretty much possible that the stocks related to it will jump.
So, Here is our analysis of RELINFRA, But Let us first talk about this company -->
Reliance Infrastructure Limited, formerly Reliance Energy Limited and Bombay Suburban Electric Supply, is an Indian private sector enterprise involved in power generation, infrastructure, construction, and defense. It is part of the Reliance Anil Dhirubhai Ambani Group.
Parent organization: Reliance Group.
Revenue: 20,972 crores INR (US$2.9 billion, 2020)
Now, Should we buy it or short sell it? Let's find out.
According to our analysis -->
We have Ascending Triangle Ranges in Both Daily and Hourly Chart.
Secondly, we know that Trend may continue because this Triangle Range is a continuation Range.
RSI is rising which indicates the buyers have momentum.
But, We should wait for the breakout, and accordingly we can put the trades.
So, Let's wait for the breakout.........
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Reliance Infrastructure Ltd Technical Analysis Indian StockReliance Infrastructure Ltd Technical Analysis Indian Stock Market
Reliance Infrastructure (RInfra) is involved in the infrastructure sector. The Company is a utility company with presence across the chain of power businesses, such as generation, transmission, distribution and power trading.
Reliance infra - uptrend 1st April - 5th April 2019Reliance infra - uptrend 1st April - 5th April 2019
RELINFRA - BUY (DIVERGENCE) TGT 300 3-5 Trading DaysThere is a price decrease but the RSI has not fallen in proportion. It is a clear divergence and a Buy Signal is activated.
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.
BUY Reliance Infra for Long term target 730-950 Time 2-3 Months BUY Reliance Infra for Long term target 730-950
Time 2-3 Months
Down wave has completed at 280-300 Level
Market looking big move to 730-950
Reliance InfrastructureWill it be able to get out of its congestion zone of 600-620 and start its new leg of an up move?
Reliance Infra bouncing around inside channelreliance infra could look to move towards 625-640 if the lower end of the channel support holds.
