Reliance forecast - 2558 possibleThis is possible forcasting and not a confirmed trade
On a daily chart a bullish diamond formation is forming and yesterday an inverted candle has formed on charts indicating possible reversal.
If this continues uptrend then 2558 target is possible in coming few weeks. SL is 2290 on closing basis.
Jio
airtel with my opinion all networkairtel with my opinion all network
accendind triangle pattern, its' not wedge pattern
but consolidate brakeout , some pattern shown, but not support index, repo(strictly stoploss),
nifty?
we will enter agiain, only for 5g reason,
when lauch server is bad it will be fall and jio)
pinging theres two network problem still,
vodafone idea is still good ping only for 4g good, advance coverage minimal support, they had a budget problem ., i dont beleive it, they had 5g spectrum : goodluck vodafone, next bsnl 5g spectrum business, but 4g in youtube meme comedy, when they has been sell (bsnl,mtnl, government big issue security problem,they will buy it,
Indus Tower Chart Analysis !!📈 Indus Tower 📉
This Stock Broke out from a resistance zone of 200-216 which was tested several times and today managed to close above it.
Bias - Long
Target - 237, 247, 260
SL - 200
RR- 1:2
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Reliance ready for the uptrend!🤩💸🔥Buy Reliance for Positional Trading as well as Investment.💸🔥💸
What's your view ???🧐🤔🧐
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💡Future View:
Reliance Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
RIL’s consumer business will be the growth driver, going ahead.
The company has a strong balance sheet post fundraising while its traditional business will continue to generate steady cash flows.
Increment value will be unlocked from the ‘digital ecosystem’ that will be captured at the Jio Platforms (JPL) level.
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✅Both Technically and Fundamentally strong stock.💪💪
The company recently posted the best Q3 Result.
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❇️The stock had given a breakout of the 1-year long resistance in Sept 2021 post that it was in retracement phase from mid-Oct 2021 till now. Now coming in Daily uptrend too, we can expect a strong uptrend from here.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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AIRTEL 📞📞Cup & Handle retest done in monthly
Descending triangle in hourly
Retracement towards 200MA in 2hrs
Will take a good move from here.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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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 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.