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
NSE:RELIANCE
RELIANCE is still having bearish trend. It couldn't break that trendline. Also took resistance below the critical zone mentioned on the chart.
For Intraday trader, you can play between the levels marked on the chart.
If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break...
NSE:RELIANCE
RELIANCE is still having bearish trend.
For Intraday trader, you can play between the levels marked on the chart.
If some particular level break out then it will give a buy trade till next level on the up side. And it some particular level break down then it will give a sell trader till next level on the down side. But take the trade once you...
RELIANCE is roaming in a range, basically, it's trading in supply demand format. Now it again came on its important support level. And from here, There are only 2 possibilities. If it again takes support, One can wo long and if it breaks the support ,go short.
NSE:RELIANCE
Today, it went totally down to it's critical support zone 2075-2080.
Good opportunity to short below 2070.
Target are mentioned on the chart.
Keep stop loss at 2088.
NSE:RELIANCE
Reliance gave a good opportunity to short below 2070 level and hit our first target at 2055.
Trade Setup for 28-07-2021.
Today at the end of the day closed in the rage of our first target on short side 2055. Now this level will work as our entry level for short side.
If it takes the resistance from this level and then our next target for the...
Reliance spot cmp 2105
counter have formation of falling contracting wedge ,, where the breakout and retest is done,, currently counter is trading in symmetrical triangle formation,, break out of which would lead to good up move,,
Rsi and MACD giving early indication with bullish divergence
MAcd positive Crossover,,
Good long criteria buildupp,,
The stock is trading near the support line and it took support from the 2080-2060 zone multiple times.
If it again takes the support we may see higher targets marked on the chart, breaking down the support zone would open possibilities for lower levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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📌 Strategy: A good fall but still near good MAs on D charts
✣Risk in the trade is just 1 to 2% that's the quality of the trade :) thus a little more capital can be used but at your own risk
✣The pattern is like a fall - a consolidation zone with RSI bullish...
NSE:RELIANCE
Review
Today, 23-07-2021, Reliance opened with gap up to trap trader with bullish sentiment. And couldn't able to hold even above 2110 level.
But the good thing is, on daily chart it took support from trendline and also closed above 21DMA. This level above 2100 will be immediate support zone for RELIANCE. After that it has support zone at...
NSE:RELIANCE
Our buying trade will only initiate above 2127 as mentioned earlier.
Today it broke the trendline and also took support from it and also 21DMA has been broken today. But only thing to worry was average volume.
But it will only show good strength once it goes up 2127 level.
Comment below if you have any doubt.
Hope my ideas are helping you to...
NSE:RELIANCE
Reliance looks bullish once it breaks the trend-line.
Fresh buying can be made only above 2127 for safe trade. Target levels are mentioned in the chart.
