RELIANCE is expected to reach 2420 in 2 hours chartAs per my analysis, Reliance reaches 2420 as per 2 hours chart.
As per Daily chart,, if the value breaks 2300, then we can expect down trend upto 1800.
Reliancecapital
Hathway is on the way upside by nowPost covid sessions are testing the lower circuit which support hits, movement towards decline over the period of time. Presently on the move from August to January pathway and next August its good way long term upside. Greens are target line up, purple box is good buying spot before earnings date. As well as Yellows are previous testing catalogs.
Long for NowFollowing the trend line. Good for the long.
Had a good bounce back from the support zone.
RELIANCE CAPITAL DailyFinance sector has been moving pretty swiftly and the strong surge in this counter beyond its recent highs around 700 does spell for some strong continued trended action. The prices have been moving well especially after posting a strong Q1 in 2017. With the prices taking firm support at the Tenkan Sen we can look for the strong surge beyond previous high has been maintained to produce fresh thrust on Friday inviting strong buying action. Move towards 771 is on the cards.
Can it Break through 5 Point Resistances?NSE:RELCAPITAL 1.55% Has been trending Downwards and had took the pull back for such an impulse move forming a bearish Flag ...now looking at those level where it pulled back their MUST need HUGE..HUGE Buying Power to Cross These 5 Resistances:
1. 20 EMA
2. 50 EMA
3. Trendlines
4. 38.2 Fib level
5. Formal Resistance
IF it Find Resistance Near those levels We can Short for Target at 575, 565, 552. But, If it Crosses with strong Impulse Better Stay away :)
RELIANCE CAPITAL BREK OUT ON WEEKLY CHART TGT 580REL CAPITAL weekly chart show break out of trend line
stock given close above 200 ema and retrace up to trend line
buy this stock with target of upper swing 580
Reliance Capital approaching wedge resistance 480Reliance Capital has been trading in downtrend and has been start retracing before going further down, it seems to be approaching the widening wedge resistance around 480 in near term. traders may enter long 480.
Reliance Capital - Turning Around at Strong Support ZoneIt is been observed on Daily chart that the price action dropped down more than 20% from the highs of 580 levels, highly dominated by sellers. Now, I believe it has reached to a strong support levels where the big buyers shall be coming back in the market with a high demand that will take up the prices to the 23.6% Fib levels.
Target: 450
Stoploss: 395
Risk Reward: 1:2
Reliance Capital Cracks Out (Symmetrical Triangle)It is been observed that the price action forms a symmetrical triangle where the seller put their dominance and breaks to downside of the triangle. It is assumed that the price action shall further move down and reach to previous support levels.
Target: 528
Stoploss: 548
Reliance Capital - Breaks Out Trending Line with Double Top It is been observed that the price action breaks out from a trending channel and then the selling seen at the double top that confirms selling and the price action shall move down to the previous resistance, now shall be acted as support.
Target: 454
Sl: 474
