RELIANCE 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 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
As we can see reliance has formed a weak setup with breakdown and re-test and reliance can drag nifty today. Keep it in radar.
RIL 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
At the moment nifty doesnt have any major supply .... but many demand zones.,., watch out for the levels............ buy at best dip.,.,
The 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?
NSE:BDL Good to keep on the radar 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...
Price & Volume relationship ---------------------------------- 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.
Some analysis on Reliance, boost if you find it helpful
NSE:RELIANCE the best trade in reliance we can aim 1:2 risk reward
Reliance seems bullish in the triangle pattern and can get us a good reward with very little risk.
Here's part of my live Thursday expiry analysis. Where do you feel the market's headed today?
expecting 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
Do you feel Nifty and Banknifty have the potential to break the 18k and 41k barriers respectively? Here's my view...
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...
Bulls 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.
Do you feel the markets are likely to continue to remain in the control of bulls?
Reliance 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...