Ascending Triangle pattern formation on Relinfra on EOD chart and the price will break upside or else if the price break the downside, then it will consider as a false breakout. Trade: Buy above - 510.50 Target 1 - 521 Target 2 - 532.50 Stop Loss - 593
It is been observed on the daily chart that the price action is breaking above the resistance zone indicating a further move up. It shall confirm the further move up once it closes above 1470 levels on the daily chart. Target: 1480 Target 2: 1500 Stoploss: 1460
Reliance Ind. given cup and handle breakout but its still pending for confirmation after confirmation we will add more long there. with sl 1400 tgt 1600 tf- 1 month
Symmetric triangle formation on Reliance and may break either side. NSE:RELIANCE Trade - Long : Buy above - 1377 Target 1 - 1400 Target 2 - 1430 Stop loss - 1350 Trade - Short : Short below - 1340 Target 1 - 1320 Target 2 - 1285 Stop loss - 1360
RIL looks weak. If it sustains 1320-30 levels then further upside. If it breaks below 1310 will take support at 1250. Short RIL below 1310 Target 1: 1280 Target 2: 1250 Stoploss: 1325 R/R: 1:4 Regards
Channel move . Lower part of Channel is support which if broken can damage the current uptrend
Stock is trading inside a nice channel. Let's see how it goes.
Two Flags of consolidation. 4Q announcement
At channel resistance. Fibonacci Level acting as resistance. MACD Negative. Bearish harami on weekly chart.
No Naked put /call or Futures positions: Following 3 strategy : 1)Buy 1360 calls , Sell 1420 or 1400 or 1380 call 2) Buy April futures and Sell 1360 or 1380 April call 3) Buy 1360 call 2 or 3 lots and Buy 1-2 1360 put lots (Put : Call Ratio can be as per your choice ) My Position is 1360 call buy , 1400 call sell . Please note : Consult your financial...
A Bullish Harami Cross pattern has been observed in daily charts of ONGC stock. It is a good bullish reversal pattern, which is even more significant than a regular Bullish Harami. Recognition Criteria 1. The market is characterized by a prevailing downtrend. 2. A red body is observed on the first day. 3. The Doji that is formed on the second day is completely...
FOR EDUCATIONAL PURPOSE - Reliance is going to start a rangebound movement 1250-1340. so buy at 1250 and sell at 1230-1240.
After years of under performance upto 2015, Reliance Industries has been going through phases of out and under performance wrt Nifty in the last couple of years. Since late-February, there has been a sharp outperformance and the ratio line has crossed its 200-DMA, which is a positive sign. Logic dictates that it is the right time to focus on Reliance, as long as...
for educational purpose in my previous post I wrote about upmove above 1090 with sl 1075 and a target of 1230-1250. It might be done tomorrow. But after seeing a long term 9 years a consolidation is finished and a breakout is seen today. Now go always long unless it goes below 1100 means it comes back in the ascending triangle. Till then reliance is unveiling a...
The stock is showing good frequencies around Pitchfork and suggesting a possible long entry at this level. RSI above 50 is also confirming the decision. Moderate Target of 1080 in 3-4 sessions by providing Stop Loss of 1021(Closing Basis). It seems worth risking.
Reliance is at a 50% Fib Retracement, with the breakout of a minor trendline on 27th. We have also got a range breakout of RSI confirmation near oversold area. Go Long on the Fractal Breakout of 1032.70 with a stop loss below the swing low. If price exceeds the target zone, there is a high probability that it may reach 1080.