After reversing from a Bearish Harmonic Crab, it took support at an Ichimoku Kumo cloud from where it bounced back to the Kijun resistance at 1560 in daily time frame. In hourly time frame it is near an important Kumo support. If it holds above 1510 it can retest 1575-1600
Looking good but i did not traded this before that's why i am waiting........
NSE:RELIANCE Long term trend line (without log. It looks like one top has been formed on chart after the formation of duo bearish candles. Good correction expected.
In bullish trend...will see 1330..watch for the target
RELIANCE back from weekly trend line resistance at 1270 Resistances: 1296, 1345
Mentioned everything in chart
The bad news is coming from the USA. a big brokerage house Bernstein has said that reliance jio would have lost a 15,000 Cr in the current fiscal year if the standard accounting followed. The company is showing subsidies expenses of jio handset in Reliance retail's accounts. My personal viewpoint. I usually don't like to invest in companies of reliance group,...
For Educational Purpose Only Trade at your own risk
Reliance Stock on radar. Education purpose only
in.tradingview.com THIS IS NOT A SIGNAL. DO YOUR OWN RESEARCH BEFORE TAKING A TRADE
Education base only... For your trading purpose, do your own analysis for trading.
trade with the breakout. I think the upper line breakout can happen.
Probable range for this week
The stock tested the expected 1180 zone (see the following post) and was slammed down to break the channel. Possible supports have been mentioned on the chart. Hit like for better posts in the future. Regards Bravetotrade
Some bad news is coming for RIL. it's related to the 'theft of gas' in bay of bengal. www.financialexpress.com
Notes on the chart. Do hit the like button. Regards Bravetotrade