NeeteshJain
Long

Reliance Industries - Breaking above Strong Resistance

BSE:RELIANCE   RELIANCE INDUSTRIES LTD
908 11 29
It is been observed on the daily chart that the price action is breaking above the resistance zone indicating a further move up. It shall confirm the further move up once it closes above 1470 levels on the daily chart .

Target: 1480

Target 2: 1500

Stoploss: 1460
Trade active
Trade closed: target reached: Target 1 reached successfully.
Trade active: Going sharp to achieve T2
Trade active: Inching up to 1500 levels. Ready to book profts
Trade closed: target reached
if we look at the monthly charts,a different picture appears..but tell me if this is right.
+1 Reply
NeeteshJain AbhishekHiremath
@AbhishekHiremath, Calculate divergence once it reaches to 1600 levels.
Reply
KumarAbhilash AbhishekHiremath
@AbhishekHiremath,
feel same and yes do read the end part , to me its a extremely strong
Reply
Manish Kumar KumarAbhilash
@KumarAbhilash, that Inverse HNS is superb.thanks for catching n sharing
+1 Reply
AbhishekHiremath KumarAbhilash
@KumarAbhilash, absolutely agree with this!
+1 Reply
That's GOOD Opportunity Trading.
+2 Reply
@DSKF16, Yes, going pretty sharp.
Reply
DSKF16 NeeteshJain
@NeeteshJain, Already Mentioned "GOOD Opportunity Trading", Cautious not for Disciplined DAY Traders.
+2 Reply
Neetesh, by the time you posted I think price had already reached 1480!
Reply
NeeteshJain abhinavk31
@abhinavk31, As the post shows that it was at 1473 when I published it. Thanks
Reply
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