RELIANCE
RIL - can go longbreaking the resistance line - expecting RIL to go up from current level
target and stop based on comfort
personally, would wait for neckline break to enter
2540 level to watch here
patter formation - cup formation
disclaimer - trade @ own risk
RELIANCE SHORTRELIANCE is making a good triangle pattern and moving averages are also showing bearishness in the stock thus Reliance can enter the Bear market once it breaks the triangle.
THE MAJOR support is now 2400 that's gonna be the first target and the second target can be 2200.
RELIANCE LONG#RELIANCE long idea
It broke All time high - buyers will come
Relative strength is 52week high
Momentum is higher in daily & weekly
It takes its time too move, as it is big% of NIFTY
should take profit whenever relative strength weakens & momentum comes down in daily
Reliance , HnS pattern with confirmationAs we can see reliance has formed a weak setup with breakdown and re-test and reliance can drag nifty today. Keep it in radar.
RELIANCE is at Good Position for Long-term and Short-termRIL is consolidating in a range from nearly 10 months. From here good to BUY and Accumulate on DIPs. Short-term 10% up and long-term 20% up possible. Next up move must be a heavy lift to the next accumulation range.
Note: This analysis is from my experience. Please take your financial advisor suggestion before taking position
Will nifty make ATHAt the moment nifty doesnt have any major supply .... but many demand zones.,.,
watch out for the levels............ buy at best dip.,.,
Nifty, Banknifty and top stocks analysis for tomorrow + levelsThe indices paused their fall and managed to hold on to lower levels. Banks underperformed, but still remain stronger on the Daily chart. Could this change after FOMC statement?
BDL Good to trackNSE:BDL
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer -
SEBI UNREGISTERED
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Reliance Chart analysisPrice & Volume relationship
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Daily & Weekly: Both volumes support price decline.
The RED trendline is deciding factor for reliance.
If that breaks than we will see a further downfall.
Reliance to move upReliance seems bullish in the triangle pattern and can get us a good reward with very little risk.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsHere's part of my live Thursday expiry analysis. Where do you feel the market's headed today?
RIL - bounce upexpecting a bounce up from this demand zone
RSI staying above 30 shows existing strength
going long with CE 2500, 2600
keep stop loss target as per risk appetite
disclaimer - trade at own risk
Nifty, Banknifty and top stocks analysis for tomorrow + levelsDo you feel Nifty and Banknifty have the potential to break the 18k and 41k barriers respectively? Here's my view...
HDFC GOOD TO SHORT NSE:HDFC
Good to keep on the radar as it will help to decide market direction
Always respect SL & position sizing
========================
Trade Secrets By Pratik
========================
Disclaimer -
SEBI UNREGISTERED
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsBulls struggled to hold the indices today, but do you feel this may be the start to a broader pullback? I don't feel that way, not yet at least.
Banknifty set for 40k? Nifty, Banknifty daily analysisDo you feel the markets are likely to continue to remain in the control of bulls?
RELIANCE BREAKDOWNReliance looking fresh negative on daily chart it is breaking rounding curved trendline support and giving a fresh negative divergence move on macd indicator too so we can see a downwards move in it in coming sessions but it is looking that it will going for a decent correction after a steep rally.
Cause of short-:
1- Breaking curved trendline.
2- Macd indicator negative divergence
Reliance Industries - Crucial LevelsReliance Industries is at crucial levels.
2530.50
Follow the trend line.
RSI is at the support levels hence more possibilty of the stock price to go on up.
reliance industriestraingle formation wait for breakout or breakdown
more chance to reversal from here due to
ressistance becomes support zone
Reliance analysis Target 2900Buy Above 2662 Target 2900 You can log by 2800 CE @ CMP 22.15 Target 64 (15 Days)
