Energy sector looks bullish. Reliance being key component of the sector should be the driving force. Reliance has been trading in range of 1800-2300 since last august. With current scenario of nifty making new highs, it wont be left behind and should create new high to remain in sync with market. Following signs have been observed in Reliance daily chart 1....
analysis of reliance chart as before mentioned with clear drawing
NIFTY 50 EOD ANALYSIS -13-09-21 IN SUMMARY O / H / L / C 17363.55 / 17378.35 / 17269.15 / 17355.3 H-L = 77 points VIX 14.03 / +0.65% FII DII: +860 Crores Likely open: Positive Gap-up provided it is able to stay above today’s close for an hour or so. CHART BASED CONCLUSIONS - 5 Minutes Chart A gap-down open with an attempt to cross the P Close was...
after break weekly all time high RELIANVE coming to retest the place where it breakes and its a level of 0.5 in fib series so wait for a hug buy and so nifty also can go for a buy trend soon...
NSE:RELIANCE 1 Month, 1 Week, 1 Day, 4 Hours and 15 Minutes analysis of Reliance.
Take no new entry right now. ↳ hold existing positions. → buy above 2480 ↳ short term target 2550
NIFTY 50 EOD ANALYSIS -09-09-21 IN SUMMARY O / H / L / C 17312.85 / 17379.65 / 17302.7 / 17369.25 H-L = 77 points VIX 13.94 / -3.26% FII DII: +1127 Crores Likely open: From the above, it looks like a flat to positive open but what may happen in the world markets tomorrow CHART BASED CONCLUSIONS A gap-down open was immediately bought into and NIFTY...
NSE:RELIANCE This is simple positional Trade Setup & Levels for RELIANCE for Short/Mid term holding of Equity shares. Do comment your doubt or suggestion.
bullish target 2500 Rs in 2 month and bearish target 2000 its at resistant level 2300 Rs.
NIFTY 50 EOD ANALYSIS -08-09-21 IN SUMMARY O / H / L / C 17375.75 / 17383.4 / 17254.20 / 17353.5 H-L = 149 points VIX 14.41 / -3.29% FII DII: -802 Crores Likely open: BANK NIFTY holds the key. Based on the numbers looks a flat to a positive open. CHART BASED CONCLUSIONS NIFTY played negative today and did not even bother to go past the opening high made...
Reliance is at Support Level Trend is for 2435 BUY at 2414 STOP 2405
NIFTY 50 EOD ANALYSIS -07-09-21 IN SUMMARY O / H / L / C 17401.55 / 17436.5 / 17287.00 / 17362.1 H-L = 149 points VIX 14.9 / -0.34% FII DII: -283 Crores Likely open: Flat to positive if BANK NIFTY turns green. Today’s low is crucial for the short term and for the week as this is a short week with only 2 sessions remaining before the week ends. CHART BASED...
Reliance Ready to Fly 2200-2260++
long for target 2470 if candle closes above dotted red line trade at your own risk
NIFTY 50 EOD ANALYSIS -03-09-21 IN SUMMARY O / H / L / C 17399.35 / 17429.55 / 17345.55 / 17377.8 H-L = +84 points VIX 15.11 / +3.92% FII DII: -42 Crores Likely open: Unable to read - as today US markets are also closed so indices may consolidate again unless a heavyweight does some interesting moves. CHART BASED CONCLUSIONS NIFTY crossed 17400 as well...
Reliance resisted near Gann level 2500 made doji at the top and subsequent candle broken low givne low risk trade to short ... downside support 2400 ... more weakness if broken this support
RELIANCE looks good above 2369 till 2908 weak below 2230 (CMP: 2388)
RELIANCE (W):-After a long period of consolidation, reliance finally broke through last year's resistance trendline, suggesting a target of 2900.