Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Reliance weekly update 07/JUN/24
RELIANCE INDUSTRIES LTD
Reliance weekly update 07/JUN/24
By Princetechnicals
Follow
Follow
Jun 8
2
Jun 8
Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade.
As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels.
If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE.
MONTHLY RSI > 60.
WEEKLY RSI < 60.
Once the 60 levels crossed in RSI on WEEKLY BASIS then will try to Create. POSITIONS on DAILY CHART.
An RSI HIDDEN BULLISH DIVERGENCE ( Positive reverse Divergence ) is Printed on Weekly Charts.
Seems to be the Consolidation to be over & Fresh breakout to likely happen m SOON.
Till then Enjoy the Back Seat Game.
WAIT & WATCH & REPEAT.
HAPPY TRADING
Chart Patterns
Technical Indicators
RELIANCE
reliance-chart
relianceindustries
Trend Analysis
Princetechnicals
Follow
Related publications
LONG BHARTI AIRTEL
by Princetechnicals
NIFTY STILL IN RANGE ON DAILY BARS
by Princetechnicals
Ultratech Cement Weekly update 7/JUN/24
by Princetechnicals
Bajajfinance Weekly Update 07/JUN/24
by Princetechnicals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.