Reliance breakout important channel wait for conformation , if breakout we see a big fall over here may be it's fake breakout . lets see what is next move ? Follow price action
Stock is forming a triangular structure in an impulsive channel. One should buy on cmp with sl of 2145 for tgt of 2280/2300/2310.
NSE:RELIANCE Reliance ready to break around 40 weeks accumulation zone,at resistance level 2367 if breaks out above this level and sustain then it ll bullish for coming months..RSI is also around 60 and forming rounding bottom pattern which bullish continuous patter in weekly timeframe. its for eduacation n analysis purpose only..its my personal view so dont...
💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel...
looking strong above -2199 for the targets of T1 and T2, SL-2188 Sell below -2181, for the targets of T1 and T2, SL-2192. trade will remain void if open gap up or gap down (big).
Lets have a look at Reliance Industries Daily chart and you can see the base formation on Reliance Chart between 1850 - 1900 levels. Last to last week we have updated Reliance Trade Set Emerging and suggested buying zone between 1900-1950 levels with a stop loss at 1878. Now its follow up update and we can see Reliance Industries 2206-2374 and once break above...
RELIANCE 1 WEEK CHART PATTERN CUP HANDLE BREAKOUT NOW IT HAS RESISTANCE ON PRICE 2227, WEHN IT BREAK THIS IT WILL STRONG BULLISH YOUR TRAIL POSITIONAL TARGET ARE 2324.80 AND TARGET 2ND: 2665.02
Reliance Industries looks very bullish and the channel is clearly marked. The main question remains whether it can fuel the current Nifty Rally? Only time will tell but Reliance is following its channel and it can be good for swing trading in general as well.
Reliance has been in sideways for months. Now swings are breaking upside. I have shared future moves coming in the journey of reliance. Do expect big targets in reliance until it crosses the ATH. Till then small moves can be captured. Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like...
A possible Buy with a small risk of 2% and a good move awaits ahead :) Trade according to your risk and emotions and plan accordingly. This is just a mere glimpse of what possible move can take place. Happy trading :)
LONG OPPORTUNITY IN RELIANCE INDS AS IT HAS MADE DOUBLE BOTTOM FORMATION. IT HAS GIVEN BREAKOUT OF THAT PATTERN.
Increase in Oil prices coupled with the breakout on the chart is a good confluence. Retest has been done nicely. Reliance was holding up the market on last trading session. Can expect this to continue for a few more trading sessions (2-3 trading sessions) Use Halftrend for trailing stoploss. NSE:RELIANCE
As RIL formed a symmetrical triangle, Long can be executed once the trend line got broken in both RSI and the price chart in upside. And short can be executed similarly vice versa. As the stock shows good bullish trend, we can expect a long trade with a target of 1956 and 1975. Even if the stock broke the trend line downside, it will reverse soon as the RSI...
The last idea was to short Reliance from 1990 levels for the target of 1930-1920 which met today. Now, the stock consolidating near the support and we may see 2040-2050 levels again in few sessions. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
We shared the last idea for RIL when it was trading near a lower trend line and it came to 2000 levels which is also a resistance zone. If it sustains below today's low we can again see 1930-1920 levels. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team