RELIANCE

Blue lines marked will be the major targets for Reliance towards its journey to 1700 and beyond. Dont forget to hit like and give me a follow.

NSE:RCOM "NO IF NO BUT, MARKET IS ALWAYS RIGHT" :)

BUY RIL 4h timeframe trendline suggests bounceback in reliance with risk to reward ratio of more than 3.5

self explanatory chart

No need to take action, just wait and keep patience.

Reliance seems to be bouncing off after unsuccessfully trying to go above the 13 period EWMA. The selling might continue for 1 or 2 sessions. Sell Reliance below 1327 stop 1338 target open

1) no 1 player in DTH segment - up for sale 2) H&S pattern 3) Target 62-64 INR - there should be a bidding war b/w Reliance and Airtel 4) If Airtel is the buyer, CCI approval will be the key

Long Reliance

Reliance Industries might move towards 1340 in the coming week and hence a sell on rise could be warranted. Need to adjust the SL as per the Entry price.

Weekly View

BUY BROKEN 1390 LEVEL

After a good rally in RIL, it getting high price rejection from overbought levels. We can 50 % of its upmove as a retracement. Target should be somewhere 1300. BSE:RELIANCE[/shttps://www.tradingview.com/x/3nb6Zg07/ymbol]

As per the charts

Buy Reliance at 1320 Stoploss 1308 Target 1348

Reliance forming Cup and Handle Pattern. On Breakout it can give more 100 Points upmove. However there's trendline resistance as well which will work in tandem with SR. Anyhow 1312-1320 going to critical zone for Reliance. Both trades can be initiated around this level with minimum SL.

Everything is marked on the chart-- Swing points, trend lines can be used for trading along with some momentum indicators. Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters. P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

I am of the Opinion that RELIANCE is on its way up - Entry at 1275 TGT of 1310 SL of 1260 - (Note: These are kind of Trading Journals that I'm putting in for myself)

My idea about reliance on monday . After a big impluse wave its clealy making a bullish flag. i am bullish but you can DYOR(Do Your Own Research) . on the chart green and red lines showing the buy and sell zones. lets see what happens. GOOD LUCK TARGET ABOVE GREEN LINE -1310 TARGET BELOW GREEN LINE -1250