Reliance " New High Coming" Reliance is ready for new high. RSI is showing Strength with no divergence and reversal.
"Simple charts speaks better story"
Jio
Go Long in RELIANCE Try to buy near 1900, wait for a dip for a target of upto 2100. Educational purpose only, not a SEBI registered analyst or advisor, Thank you.
Reliance: India's reliance !Off the rising Channel (pink )
Though inside the Wedge (rising or falling,...cant makeout)
For the last one month (since July 22) its consolidating.
RSI is at 50.
To mit seems like a Flag & Pennant and the rise would come in the Q4.
Reliance : Jio Still would go for Long The Channel is intact. So would stay LONG.
Though the black line could be a RESISTANCE !!
Reliance: The Elephant in the Room. Don't bet against it.What a performance.
What a move
And its 16% of the Index !!
AXIS BANK LONG TILL 485 THESE ARE THE TREND LINES RESPECTED BY AXIS BANK.ITS IN A UPTREND NOW .BUY AROUND 405 AND TARGET TILL 480
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 11/06/2020 THURSDAYKey Levels for RELIANCE : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1580.50
FIRST TARGET~1588.30
INTERIM RESISTANCE~1600.20
FINAL RESISTANCE~1616.50
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LOWER BREAKOUT~1569.80
FIRST TARGET~1562.50
INTERIM SUPPORT~1555.15
FINAL SUPPORT~1544
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Reliance Elliote Wave + Price Action Setup !Hello, Friends Very Good Morning!
If you like my idea you can please share with your friend and comment if you have any question regarding it
Thanks
reliance pullback contra trade set up overall stock now in a bear grip , but looking at risk reward on trade side
a pullback can be expected
thus will trade in two way
if it comes at 1370/80 zone will short
or if comes at 1290/1300 will accumulate with stop mentioned
Reliance - Long in times to come- Levels are indicated in the charts
- Wait for 1200 levels before hopping in
Reliance Stock falling | Trade NiveshReliance Jio Infocomm Ltd, India’s most profitable telecom operator, has witnessed a continuous drop in its average monthly billings over the past five quarters and although it still outperforms rivals on this metric, analysts say the slide may finally put pressure on the company to raise tariffs.
IDEA1) Triple bottom
2) IDEA VODAFONE merger completed
3) RSI divergence
4) Bollinger band squeeze-- whats next ? When will merger reflect in shareholding?
reliance....trade with patience!!!reliance has to give a pull back ..if it fails a downslide in nifty can be observed
Reliance Building Up strength - BullishOn weekly chart, it is observed that the reliance is breaking out from a ascending triangle indicating trend continuation and strength in price action. Now it shall reach to 1140-1150 levels before it retaces back.
Target:1140
Stoploss: 1040
