RELIANCE --BUILDING STRENGTH

RELIANCE --DAILY CHART --SETUP

TECHNCIAL OBSERVATION
1. Reliance seen pullback at 2200 sub level after fall from 2700 sub level

2. short term resistance 2300 cross recently and stop trading 2340 level at present

3. 2300 will work as strong support now , above 2350 daily trendline breakout level , Entry can initiate 2300-2350 level for target 2400-2500-2600 short term
Positional ( 1-3 ) month , stop loss place bellow trendline at 2180

4. CCI Seen given bullish divergence , CCI ema crossover seen and CCI above center line

5. Stock trading above 24,35,50 HMA




**THIS IDEA IS FOR EDUCATIONAL PURPOSE .. Trade at own risk !

HAPPY TRADING .!!

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RELAINCE --Update --above intraday setup --20/04/2023

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RELAINCE Q4 RESULT out: today 21/04/2023

KEY HIGHLIGHT :
* NET PROFIT up 19% ( 19,299 crore ) March Quarter
* REVENUE 2.13 Lakh crore rise of 2.3% on year .
* RELAINCE RETAIL deliverer strong revenue growth and profit performance

Overall RELIANCE posted good quarter performance .

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Reliance open above 2360 today target of 2400 +
update : 24/04/2023 . 9.10 am

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RELIANCE --UPDATE --28/04/2023
1ST Target 2400 --Achieved --10.05 am

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