Reliance Cup and Handle and Ascending triangle breakout short term profit 10-15%
Looks like big players are selling the stock around 52 week high. We believe it wll fall to 900 or even lower. Negative divergence and double top are few indication.
INTRADAY TRADE IN RELIANCE FUT SHORT@1561 STOP@1571 TARGET@1546 QTY=1500 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Stay short in Reliance with SL 1378 for target 1320+++ BUY ABOVE 1478 SL 1447 TARGET 1499/1610
Reliance industries completed the uptrend 1.618 is over and now has to take a dip down
It's coming at my entry. Let's Go Baby...
Head & Shoulder pattern observed in Reliance. However the pattern is yet to be confirmed. So, take bearish view only if neck level of H&S fails to hold as support. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and...
RELIANCE LOOKS BEARISH AND CAN TEST 1250 NEAR RANGE.....
Double Top pattern spotted in Reliance. At the time of posting the stock is trading at 1293, well below the neck level of 1308 and candle close will most likely confirm the pattern. Once there's a confirmation, the stock can be expected to fall towards 1250.
Reliance broke the bull trendline and making a Head and Shoulder pattern on 15 min charts. Looks Good Short @1290 Target 1260 (30 points) SL 1310 (20 Points)
The 5 legged impulse to the upside looks almost complete and hence should be followed by a corrective decline which can take Reliance to a minimum of 1080 and possibly even lower levels. Stop Loss above last swing high 1140.