RELIANCE
Reliance can move upside(trend)Hi to all
this is my fourth prediction.
i found several patterns in reliance chart.
but the cup and handle seems to be valid one.
reliance broken from handle, but from opposite side view
from the recent fall(2855) there is retrace upto (2753)78.6%
so i suggest
1.) using 2565 as stop loss and take entry for 3075.
or
2.)
using 2701.03 as stop loss and take entry after 2755.40 (opening & closing by day candle )
towards the target 3075.
(stratergy :use roll over for every month future expiry . )
i am open to any suggestion.please post your suggestion or comments.
please analyzefrom your end to take entry.
16th DEC Reliance Industries Ltd. Buy or SaleCMP: 2578
Reliance Industries Ltd is India`s largest private sector enterprise, with businesses in the energy and materials value chain.The company works under different business segments:Exploration and Production,Petroleum Refining and Marketing,Petrochemicals,Textiles and Retail.
Reliance currant given breck out Strong Support
Sale Below 2585 Must See Bearish Candle.
Target : 2560-2540
SL: 2595
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RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
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RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
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RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
RELIANCE COMING IN BUY ZONEReliance gave a great move from 2500 level towards 2750 and again retracting towards demand zone, go long for marked targets on the chart until 2500 is intact on the down side.
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Happy Trading!
InvestPro India Team
Reliance Stock Analysis Updated.Reliance Stock Analysis Updated.
Reliance Stock is trading in the range between 2536-2642 for the last 1 month. If Price breaks on either side, we can see a momentum.
If Reliance Price sustains above 2642, ABCD Activates, more Upside Possible(Long) and Target is 2745.
If Price breaks 2536 on downside(Short), XABCD Activates and Targets are 2478/2459.
Reliance (RELIANCE INDS): Time to take note of this giant...This week the price closed marginally above the 40 weekly moving average.
Important to note levels above 2675 as it could create momentum for an upward move.
Above 2800, it might touch its high of 2856 and even move higher to 3000.
Trade with a stop loss of 5-8%.
Note: Not a buy/sell recommendation. Do your own research and consult your investment advisor.
IT WILL ALWAYS GIVE RELIANCE Reliance is looking good on weekly chart by breaking falling trendline resistance after long time and gives a positive crossover divergence on MACD indicator too so we can see coming bullishness in this fundamentally strong counter.
Cause of long-:
1- Falling resistance trendline breakout.
2-MACD breakout.