Retesting trendline breakout All selling candles were low volume - possible reversal Initiate long after confirmation Hold for targets of 413, 422, 433 Stop loss of 390 RSI at levels of 57
NIFTY 50 EOD ANALYSIS -18-08-21 IN SUMMARY O / H / L / C 16691.95 / 16701.85 / 16535.85 / 16568.85 H-L = 166 VIX 12.91 / -3.72% FII DII: -1325 Crores Likely open: Negative to flat CHART BASED CONCLUSIONS Nifty touched 15701 for the first time and made yet another high. Nifty made a higher high and a higher low. The Nifty failed to hold on to the higher...
Reliance in bearish mode. Once support of 2100 Reliance will hit its lower side TGT 1. 2000 and TGT 2 1800
Head and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart. The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below...
$Reliance is all set to shoot up and rise to much higher levels. Check Bull Power Bear Power indicator and lets wait for Bull Power to take over to Bear Power and as soon as it crosses above bear power, we will have setup for buying and then it may start rising to much higher levels upto 2300/2400 or more. 3-Digit Gann roadmap for $Reliance is: 211 218 225...
NSE:RELIANCE Reliance Breakout: Reliance has given breakout to both trending resistance and A strong supply zone. With a Kind of inverted head and sholder pattern. And has given closing above both the resistance. A short retracement can come but there is less probability of it. Short term targets will be 2250- 2300+ For holding period of 1-2 week...
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NIFTY 50 EOD ANALYSIS -16-08-21 IN SUMMARY O / H / L / C 16518.4 / 16589.4 / 16480.75 / 16563.05 H-L = 109 VIX 13.46 / +3.62% FII DII: -588 Crores CHART BASED CONCLUSIONS Nifty closed above 16550 for the first time. Nifty made a higher high and a higher low. Nifty seems to be building its base around 16450-500. Dips are being bought in. 16600 appears to...
NSE:RELIANCE Observations: 1) On Daily Time Frame it looks like an inverse head and shoulder pattern. And closed at the neckline which is 2145 level range. Please refer Chart below: 2) On Daliy time frame it has also closed above 50MA. 3) Next up level which has open interest addition is at 2160 call option. But an interesting thing is that for 2200...
Disclaimer.. not an investing/trading recommendation. NSE:RELIANCE
RELIANCE Near resistance and near to breakout VWAP can be positive
Buy @2154, SL-2145, TGT-2170 Sell @2139, SL-2145. TGT-2120
Reliance intraday trade above 2155. TL breakout and strong closing on Friday's session.
Reliance is at a breakout level. if breakout happens then one can try to make a long entry with proper Risk Reward.
Reliance is looking strong along with CNX infra. It can give a strong breakout soon.
All level mation in chart i m not SEBI Res. Advisor here i share idea and view only for education
Entry at 2153 if breck with volume Target 2200-2230-2250 Stoploss-2104 Or Hedg with 2200 CE Sell
NIFTY 50 EOD ANALYSIS -13-08-21 IN SUMMARY O / H / L / C 16385.7 / 16543.6 / 16376.3 / 16529.1