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Relianceforecast

RIL : Wait & Watch Good Day Hello Traders, Reliance Industries (RIL) had to defend the level 2368 as below it will be a downtrend as it a heavyweight so lot depends on it to drive Nifty to the next level. Chart self explanatory However if you get any chance to grab it around 2150-2170 .Please grab it both hands as the reversal will quick and fast. Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:RELIANCE
by Piscean17th
Reliance: At a key Make-or-Break levelsome observations on Reliance: 1. Reliance got a close (2,408) below all key Key moving averages 65DMA 100DMA 200DMA 233DMA 2. Moreover, a prominent Harmonic pattern's "B" stands at 2,426. If prices start traveling below this, we have deeper short targets till 1900. 3. Weekly Swing high being 2,626 4. Reliance has given 4th consecutive close in Red. (Can maintain this momentum for 5th to 7th Week). # Now until we get a healthy close above 2,626 on a weekly basis, Reliance became the "Sale on rise" till 2,626 is achieved on a weekly closing bases
NSE:RELIANCEShort
by CKParkhi