Reliance breaking out of TL with a strong bullish candle. Looks good for swing traders above 2150. SL below support area drawn on chart.
NSE:RELIANCE Hello People!! I am keeping an eye on Reliance for quite some time now. If you see carefully, Reliance is forming a Flag and Pole pattern and it has been almost an entire year now that it is stuck in the flag. I'm betting big on the breakout. Quite a safe bet I suppose because SL will be too minimal and Targets would be massive. I believe this is...
NIFTY 50 EOD ANALYSIS -12-08-21 IN SUMMARY O 16,303.65 H 16,375.50 L 16,286.90 C 16,364.40 From P Close 82.15 H-L 88.60 VIX 12.37 FII -212 DII 307 Net Crores 95 CHART BASED CONCLUSIONS Nifty finally cleared all the hurdles and closed past 16350 at 16364.4 which is an ATH close. It ended 11 points below the day’s high which is a good sign. Nifty opened...
NSE:RELIANCE Simple Trade Setup On 15min time frame if you see it made kind of W pattern. And breakout level of it is exactly at 2120 level. Also it is facing resistance from black trendline and breakout of that trendline will give good up move. Levels and targets are mentioned on the chart. Hope it is easy to understand. On Daily Time Frame it looks...
Elliott Wave Theory is a way to organize the market into waves and sub - waves . This strategy is useful for identifying patterns in several timeframes . These structures usually follow Fibonacci Retracements . The main structure is a five - wave patterns ( or impulse ) for a rally or drop . The ABC ( or consolidation ) pattern Usually acts as the next wave movements .
NIFTY 50 EOD ANALYSIS -10-08-21 IN SUMMARY Open / High / Low / Close 16327.3 / 16338.75 / 16162.55 / 16282.25.10 Trading Range Low to High: 176 points Likely Max Realistic Opportunity @ 50%: 88 points India VIX: 12.71 / 0.0% FII DII activities: +444 Crores CHART BASED CONCLUSIONS Nifty made a lower high and a lower low. Nifty ended almost flat after all...
Blue for support and red zone is resistance zone. Supply zones mark as red and blue zone is marked as blue. If supply zone one breaks clear uptrend may be seen.
NIFTY 50 EOD ANALYSIS -10-08-21 IN SUMMARY Open / High / Low / Close 16274.8 / 16359.25 / 16202.25 / 16228.10 Trading Range Low to High: 141 points Likely Max Realistic Opportunity @ 50%: 70.5 points India VIX: 12.71 / +0.79% FII DII activities: +511 Crores CHART BASED CONCLUSIONS Nifty made a higher and a higher low. This higher high was in terms of the...
Reliance 1hr, trendline support, fibo 0.61 support, wave support....
NIFTY 50 EOD ANALYSIS -09-08-21 IN SUMMARY Open / High / Low / Close 16281.35 / 16320.75 / 16179.05 / 16258.25 Trading Range Low to High: 141 points Likely Max Realistic Opportunity @ 50%: 70.5 points India VIX: 12.61 / --0.00% FII DII activities: -505 Crores CHART BASED CONCLUSIONS Nifty made a slightly lower high and broke 16200 to make a lower low. It...
GO AND BUY GAIL ABOVE 155 RS once it closes above 155rs on daily chart this script can show you 167 to 180rs sl will be 135rs stock is being accumelated by big players and has good volumes. targets in 2 to 3 months will be 180rs only go long on gail above 155rs its my personal view based on technical analysis. Disclaimer: I AM NOT A SEBI REGISTERED ANALYST AND...
TRADING WATCHLIST FOR W/B 09-08-21 INTENT This is a new series of periodical posts where I would share the scrips that I come across and find good to keep on my radar for the next trading session/s. The post may not be a daily feature as it depends on whether I am able to find some opportunities. I will only be sharing the time frame and the scrip name. I will...
∘ Reliance Analysis ∘ Use pivot for T1 , T2 , T3
LAURUS LAB....... This script is on the verge of a big BREAKOUT. This itself shows sign of NO LOOK BACK Continuously Outperforming MIDCAP INDEX 17 Days of falling candles completely Engulfed by '2 Days Bullish Green Candle" This happened when Broader market showing sluggishness Hold for 1 year,It can give u 3X ROI
NIFTY 50 EOD ANALYSIS -06-08-21 IN SUMMARY Open / High / Low / Close 16304.4 / 16336.75 / 16223.3 / 16238.2 Trading Range Low to High: 139 points Likely Max Realistic Opportunity @ 50%: 69.5 points India VIX: 12.61 / --2.02% FII DII activities: -680 Crores CHART BASED CONCLUSIONS Nifty made a slightly higher low but a slightly lower high. This is...
NSE:RELIANCE chart and levels are simple to understand. Do comment your doubt or suggestion.
Reliance is closed near its 200 MA which is a crucial support., either we may see a bounce from here else 1970-1950 would be the next support zone . Refer to the chart for all possibilities. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Reliance is moving in a cyclical pattern since it made ATH. What must be done? I'll answer few of the queries regarding this stock. From 2009 till 2017, this stock was flat, trading inside a horizontal channel (not visible in the chart). After 8 years, it made a move, and from 2017 till 2020 it followed an ascending channel (shown in the chart). In 2020, it...