some observations on Reliance: 1. Reliance got a close (2,408) below all key Key moving averages 65DMA 100DMA 200DMA 233DMA 2. Moreover, a prominent Harmonic pattern's "B" stands at 2,426. If prices start traveling below this, we have deeper short targets till 1900. 3. Weekly Swing high being 2,626 4. Reliance has given 4th consecutive close in Red. (Can...
NSE: RELIANCE If Breaks Then The Targets could be Taken at 1932 Time Frame :- 1 Day We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING
RELIANCE next week's support an resistance levels according to Gann price square where reliance can take supp and face resistance in coming week
RELIANCE at present time formed a wide bullish diversion where price is up but at the same time RSI is less than then the previous RSI as mention on the chart bullish wide diversion is formed between important candle 1 and 2 rest of the details are mentioned on the chart notes
Reliance in Channel and on Support Now. If channel breaks then more fall on cards or else reversal can happen.
After a news based fall, stock broke & closed below the long standing Weekly Support Line. News based falls don't last much and next support of 2300-2330 is near, that may hold. Problem only if it breaks, then we may see another 200-250 Points fall.
Can reliance touch 2000 ? Break down of trendline on weakly time frame
Due to negative news price has fallen very much which is unexpected. And as I discussed in previous chart I also give the support and bounce back exact from same level. But this bounce back is for short term.
If Breaks Then The Targets could be Taken at 2580 . Time Frame :- 1 Hour Patterns Name :- Elliott Wave Symbol Name :- Reliance Comment Below If You want to ask me questions on this on any other idea . Based on Your Own Risk this is only to Show you the Current Pattern . We are not responsible for any profit or loss . BTW Like and Follow if you like this awesome content
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Educational purpose only Reliance Ind remains weak and in the sell zone. It could be the reason Nifty may not be able to soar. Reliance is trading below the Pivot in the hourly chart. Pivot is at 2525 levels (approx) and bull will only enter one this level is breached and trading sustains above it which looks a little difficult at this point in time. Weekly PCR...
Levels to Buy if it gets there for Reliance. Larger Range PoC is the lowest target. Also important to keep note of the Fib Channel that has been respected very well in the past.
On daily candle we can see Bullish Harami candle. Unfilled Gap we can see @ 2701 Symmetric triangle we can see. I will add more Qnty once it cross @2594.35
trend line support break in previous session. big and clearly m formation in d1 time frame. ready to touch next near support rsi and macd also in negative trend wait for reversal confirmation then invest. Note: This is not for trading purpose, i only provide for swing and investment purpose.
After the falling wedge breakout I posted earlier Will reliance take support on the trend-line or break it? Will it take nifty to lower levels along with it. Can be weak after a close below 2400 Stay tuned
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Reliance is trading near yellow support line, it has taken support from these levels in the recent past. Let's see if it breaks this time or takes a bounce. Both side levels are marked on the chart with white lines. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Looks like a breakdown in RELIANCE on day chart. Note: For educational purpose only.