Reliance is Given Breakout and it is at All time high.
Reliance industries Elliot wave analysis short term view can look for tp of 2678-84
When two consecutive candlesticks are bearish such that the first one has a greater fall and the second as a comparatively less one in a way stabilizing the fall, then the third one will be a bullish candlestick.
NSE:RELIANCE Price has taken support on 200 SMA and bouncing nicely. After the above supply is broken, can trigger more buying.
it can reach 2595 according to bullish pattern but candle of 45 minutes must not close below horizontal line on close basis trade at your own risk
NSE:RELIANCE Trade Setup for Date 07-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid...
NIFTY 50 EOD ANALYSIS -06-10-21 Apology:-- Yesterday’s post had incorrectly mentioned that Nifty hits a new ATH and closed at a new ATH. This had occurred due to some issues with the device and the doc file got corrupted. I am thankful to those who pointed out the error and still liked the contents. In this post, I talk about the analysis for the day and the...
NIFTY 50 EOD ANALYSIS -05-10-21 In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. O 17661.35 H 17833.45 L 17640.90 C 17822.30 EOD +131.05 points / +0.74% CHART BASED...
as per chart it looks too good for grab add in small qty, energy sector looks too much promising in last few days. SL 115 for short term and 110 for medium term investors looks good.
NIFTY 50 EOD ANALYSIS -04-10-21 In this post, I talk about the analysis for the day and the trading range for the upcoming week. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow. NIFTY O H L C C - PC H-L VIX FII DII Net Cum Likely...
EXPLANATION : This is a 30 min time frame chart of RELIANCE . It has formed Bullish flag breakout & has been in a sideways for day and formed Symmetrical triangle pattern ; A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new...
Clear there is divergence in Reliance daily chart Expecting a short term correction in the Reliance stock CMP is 2523 Target is 2300 SL is 2575 (Daily closing basis) Do your own analysis before trading
NIFTY 50 EOD ANALYSIS -01-10-21 Note: I had done a video upload for this analysis, however, for some reason, it failed. NIFTY O H L C C - PC H-L VIX FII DII Net Cum Likely Open 1-10-21 17,531.90 17,557.15 17,452.90 17,532.05 17,532.05 104.25 17.21 131 -613 -482 -482 Flat CHART BASED CONCLUSIONS using 5 M Chart Global cues inspired gap-down was severe as it...
CMP: 779 Box breakout during its journey. Waiting for the better risk: reward. Support: 690
CMP: 556 The stock is in consolidation. It is regaining some strength. Waiting for the box breakout. Expectation: 604, 650 SL can be kept below the box.
LIKELY TO BREAK SUPPORT OR ELSE SOME POINT UPSIDE RETRACE THEN DOWNSIDE TO 36180. {Views are for educational purpose only.}
NSE:RELIANCE Trade Setup for Date 01-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid...
this is for short term only long near 2494 in cash for target of ? according to my previous idea good luck