TradingView
NeeteshJain
Jan 18, 2017 5:12 AM

RELIANCE INFRA - GOOD INVESTMENT STOCK Long

RELIANCE INFRASTRUCTURE LTD.BSE

Description

It is been observed that the price action has reached down at lowest levels at around 300 last year. And now, it is trending up in a channel, making new higher highs and higher lows, indicating a further move up. It is a good investment as Budget season coming around and it is believed that this budget will support and boost infrastructure. It might accumulate good deals near budget, in all a good investment for this year.

Target 1: 550

Target 2: 600

Stoploss: 480

Kindly share your views below in order to create a good investment opportunity for everyone.

Trade active

Comment

Now, attempting to break 520 resistance levels, looking good. Regards

Trade active

Trade active

Trade active

Trade active

Reliance Infra Performing well so far, shall reach to target by this month. Regards

Trade active

Trade closed: target reached

Target 1 reached Successfully. Regards

Trade active

Target 2 is about to reach. Regards
Comments
vanathi
I also have the same view. I did this observation at november end. in.tradingview.com/chart/QtD56IkU/
NeeteshJain
@vanathi, The linked chart showcases RCOM chart. Is it the one you observed? Regards
vanathi
@NeeteshJain, Sorry, I am encoutering this problem for second time, when sharing the link. I have posted my view as "Relinfra & Investment".
nirav5
Thanks Neetesh.
bearishbull1968
yes cmg out of long side ways movement and was eyeing that hope u saw my post also we share the same view
PankajNegi
I can see Rectangle Channel in RELINFRA. Other indicators are giving a confirming signal for breakout with a good target.

Here is the chart for the same - in.tradingview.com/chart/aeA5xvmD/
PankajNegi
More