RELIANCE INDUSTRIES LTDUpdated Reliance is ready for big move…
Reliance is ready for big move…
Reasons/Traits :
• 0.236 Fib levels support can be seen
• Taking support at 13 EMA
• Consolidation during uptrend can be seen
• Bullish Cross Doji formed today (bullishness)
What can happen next :
Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650
Scenario 2 : Stock if breaks the 13 EMA support and 0.236 Fib level support can go to 2275/2225/2180/2150
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• 0.236 Fib levels support can be seen
• Taking support at 13 EMA
• Consolidation during uptrend can be seen
• Bullish Cross Doji formed today (bullishness)
What can happen next :
Scenario 1 : If price break 2435 then can go up to 2480/2500/2550/2600/2650
Scenario 2 : Stock if breaks the 13 EMA support and 0.236 Fib level support can go to 2275/2225/2180/2150
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Note
scenario 1, first and second targets hit as of todayNote
3rd target is hitNote
4th target hitNote
All targets hit, 2.618 broken ...
Disclaimer
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