Multi year breakout in Reliance! With reliance, nifty is looking strong too! 🤩🚀
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday “Interesting price action formed at the current levels. Seems like where we are right now is a crucial support/resistance zone that could decide the next trend. Our call of bearishness will continue until N50 can break through the channel top line.” 4mts chart link Even without breaking the upper trend...
📊 DETAILS Sector: Oil Exploration and Production Mkt Cap: 1,581,655 cr Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. TTM PE : 23.09 (Low PE) Sector PE : 29.20 Beta : 1.25 📚 INSIGHTS Mid-range performer Stock...
Namaste! Any stock can not sustain it's bullish behaviour, without a correction. Reliance has to correct, before going up again. It is the proved nature of markets. Why selling any stock is a good idea. 1. To buy it back at a lower prices, 2. To full-fill urgent needs of money, 3. To let the weak hands enjoy the euphoria and not to stay in the markets when...
Reliance Industries RELIANCE1! on Tuesday said it invested 33 bln rupees ($396.2 million) in ALOK by subscribing to preferential shares of co. RELI, the largest shareholder of ALOK, holds a 40% stake in co It's a penny stock . Today's news this stock create upper circuit. These are the Level Details here for Stop Loss : 20.50 21.10 22.50
Nifty Analysis - Stance: Neutral Recap from yesterday: “The last candle is looking quite deep and has almost negated the progress of 3 days. If it was not related to any news/event, the outcomes match quite strongly for an interim top-like formation.” 4mts chart link - click here The last 30mts action yesterday was not a blip, we got some continuity today....
➡️promoter holding up ➡️stake held by Reliance ➡️ highest ever sales, PAT and reducing debt ➡️100% upmove possible and a multi-year breakout Disc: already invested
Reliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...
📉 Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Curve Resistance 📌 Symbol/Asset: Reliance 🔍 Description: Stock is around 3 years of curve resistance. It's another Point of View that noone is talking about. We can see selling from 2600-2640 levels. Shorting opportunity !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Reliance is in the process of forming an Inverted Head and Shoulder pattern. One can enter on the break of the Trendline. The stock is also at the Important Fib level of .5 and .618 of the previous up move so that adds confidence to the trade
A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RELINFRA MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information...
The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions. If sustains below 2290/80, will go weak. The risk-reward ratio is very good at this point. This is only my personal view for learning and sharing purposes, not a trading...
BankNifty Analysis Going neutral on BankNifty worked out pretty well today. But things were not looking in favor till we got the reversal at 10.03. Till then BN was following the falling price action from yesterday. I was kind of worried that we may even re-renter the ascending channel today. 4mts chart link - click here How and why we got the reversal - No...
Reliance has given a breakout of a falling trend line and sustaining above that and looking good towards marked target on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading!
Hi dosto reliance me 52 week breakout hone ke baad 3280 target hai every dip ce call only
Nifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link - click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty today which nudged me to go for a status change...
Over last few weeks, there had been too many posts on SM which were shared about some of the large cap names which have provided zero return over last "x" many months. That intrigued me to understand the concept of timewise correction. The composite chart of major large cap of Nifty or as they say HRITIK (+few others) stocks suggest that they have gone through...
BankNifty Analysis The patterns and price action on BankNifty were interesting today. For the first time, I noticed a dichotomy with Finnifty’s points. BankNifty and FinNifty had a variance of 0.5% index-to-index basis. This gap remained as such for the entire day. I do not remember the last time they had a sizeable gap. 81.57% weighted stocks in Banknifty have a...