Reliance after consolidatiing made Inverted Head and Shoulders. Can see 2650 and 2750
#reliance immediate hurdle 2495 -2500 (astro level).. above that 2585 if sustains above this level than more upsides..
RELIANCE is looking good on Daily & Weekly Charts & can move up 9% in coming 50 days. LTP - 2486 SL - 2400 Targets 2750+ Time Frame 2 Months / 50 days. Risk Rewards - 1:4
Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the...
Chart patterns look good for a short trade in Reliance industries REASONS 1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel 2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support Monthly timeframe chart below - 3. In weekly chart shown below, ...
Reliance industries is looking good for a short from current price for a short term duration(need good breakdown retest on daily time frame else invalid) , towards targets of 2350-2340 levels which is a major support zones , and a positional long can be considered from same levels with small SL of 3-4% and potential bigger reward on the upside
Is RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
Reliance spot cmp 2497 Elliot wave study 60 Mins time frame. Counter is on verge to mature its impulse phase, currently counter is in 5 th wave, ending diagonal formation in wave 5 and final leg of ending diagonal can mature any time, one reversal confirmation from price action would give first indication of reversal in trend, Once reversal is confirmed ,...
Reliance after a 5 Wave Rise from covid bottom has completed a double Zig-Zag as WxY & now starting a new impulse which indicates new records could be set by this company in next 2 years Ril can cross 5000 levels investors can go long with SL at 2180. I am not a SEBI registered analyst please consult your advisor before investing chart shared for education...
RELIANCE --DAILY CHART --SETUP TECHNCIAL OBSERVATION 1. Reliance seen pullback at 2200 sub level after fall from 2700 sub level 2. short term resistance 2300 cross recently and stop trading 2340 level at present 3. 2300 will work as strong support now , above 2350 daily trendline breakout level , Entry can initiate 2300-2350 level for target 2400-2500-2600...
Reliance is showing a bullish crossover of 20 EMA and 200 EMA from below. RSI 78 indicating high momentum with rising volumes. However below 2325 it will be weak. The target as per height of the pattern come at 2639 but it may face resistance at 2491
B-nifty gives Breakout of trendline. Chart also seems bullish. it may test 43000 soon.
CHeck RIL Day chart...King of Indian stock market...Nifty cannot move without RIL disc : for educational purpose
Reliance is looking good Buy from current Levels for coming 3 Months. Possibility of Gap up opening on Monday. Early to Predict but Inverse H & S getting formed on Daily charts & Long Term targets will be above 3200-3300 in coming Years.
Reliance is forming ascending channel & has clear formation to the downside to reach at 1830
Technical Analysis : Strength : Weak Chart Type: Daily Chart Pattern : Bullish Flag RSI : Above 50 Price is above 20 DMA and Below 200 DMA Expected target : 2360, 2400 Expected Support: 2277 The new expected Targets would be 2300, 2325, and 2350 if the stock reaches the support level before the current targets.
On the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action. I am looking for correcting in the script till 2051 that will be value buying zone. Closing above 2400 on weekly basis will open up more up side target.