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Relianceinds

Reliance Inds cmp 1205.30 Weekly Chart view by Negative Phase*Reliance Inds cmp 1205.30 by Weekly Chart view - Indicatively trailing thru negative phase* - Stock has formed Bearish Rounding Top - Resistance Zone 1250 to 1280 Price Band - Interim Support Zone seen at 1165 to 1185 Price Band - Next Good Support Zone is seen at 1045 to 1075 Price Band - Volumes are steady but seen more on the selling side over past few weeks - Stock Price broke down below Rising Support Trendline & well under Falling Resistance Trendline - Weekly basis Support at 1145 > 1075 > 990 with the Resistance at 1298 > 1380 > 1490 > ATH 1608.80
NSE:RELIANCE
by PIYUSHCHAVDA
Reliance Inds cmp 1267.60 by Weekly Chart viewReliance Inds cmp 1267.60 by Weekly Chart view - Stock has formed Bearish Rounding Bottom - Support Zone seen at 1050 to 1100 Price Band - Support Zone 1250 to 1300 Price Band turning into Resistance Zone - Stock might probably show more downside by the Technical Chart setup - Weekly Basis : Support at 1195 > 1100 > 995 with Resistance at 1360 > 1445 >1535 > ATH 1608.80 - Stock Price gone well below the crossover of both the Falling Resistance Trendline and also the Rising Support Trendline been broken down
NSE:RELIANCE
by PIYUSHCHAVDA
3
Reliance Industries Analysis! Trend Reversal??Reliance Industries Daily Analysis! Inverted Head and Shoulder Pattern Formation in Reliance Industries on Daily Timeframe! Does trend reversal will happen? Does the clear downtrend will be converted into Uptrend? NIFTY also forming the same pattern please look Nifty Analysis also by clicking on the below link! As we know the Inverted Head and Shoulder Pattern is a Reversal Pattern and it detected after a Downtrend. After that we have seen a positive move in Reliance Industries. In last 4 trading sessions Reliance Industries gives a breakout to the Neckline and trading above it but in the last trading session we can see the selling pressure was high. So Reliance Industries couldn't break the key level which is 2462.85 which is the Resistance level also. So we are waiting for Reliance Industries to break the key level Then only it will be a decent Entry. Trade Initiation = Entry = Above 2462.85 Target = 1) 2488.40 2) 2593.15 3)2700 Stop Loss = Below 2404.50 Rest of the Analysis you will find on the chart. I have done all the possible Analysis on the chart which took lots of time. If you like this Analysis please support this Analysis. I hope you will lean something about Technical Analysis from this chart. Thank you all for your Support! Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:RELIANCELong
by Avinash9087
8