RELIANCE BUY ABOVE 2010-2015 SL1970 TARGET: 2032, 2058, 2074. 2093, 2114, 2126 Buy range and SL are on Closing Basis Posting for Educational purpose only Closing Basis means stock need to trade above 2010 - 2015 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Can take long position if it crosses that red trend line.
Consolidating.... , being a financially well established company i wont advice to short it but wait for technical signals before going long.
RELIANCE TDA done. Levels marked for UP trend but can be used as strong Support & Resistance nonetheless.
RIL - Nearing support? Or have to wait for 1600 levels
RIL has perfectly retraced at fib 0.786 level in ABCD Pattern probable target has given with the probable timeline.
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Note: This is for educational purpose only. There seems to be a bounce back from support on 1 hour - 4 hour timeframe with increase in volume.
Reliance has crossed above Fibonacci level 1.618 for stoploss hunting and now trading below the target level
Reliance has single-handedly lifted Nifty to Precovid levels. We witnessed chains of investments in Reliance for a couple of weeks. I am expecting Reliance to take support at 2030. CMP-2185 Target - 2030
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be...
RELIANCE MIGHT GO UP ON MONDAY ON MIGHT AGIAN TEST THE SUPPORT LEVELS. THIS IS JUST FOR EDUCATIONAL PURPOSE. IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
SL - 2160 -2165 Strong resistance - 2174 target 2260 target 2 - 2290
Probability Trade take with not more than 3% of the Principal;
Note: This is for educational purpose only. Do not trade in F&O based on this analysis. 21 EMA has acted as a dynamic support previously. There seems to be a bullish bounce from 21 EMA again. Moreover, there seems to be a bullish trendline breakout in RSI as well. RSI above 60 indicates bullish momentum.
This is Trade is derived as per Probability for Intraday Trades; Risk not more than 3% of your Principal amount;
Reliance Yesterday Breakout Looks Like Fake Breakout, on the downside, support is around 2200-2175 if reaches and stays above 2270 the resistance will be around 2335-2360 . If you like, just hit thumbs up button or comment. . Updated on : 8-Oct-2020 - 9.50pm Disclaimer: Only for learning purpose. - Nse Intraday Stock Trends and Stock Market Tips for more on stock...