Due to bad resolution picture might confuse. Image below
https://www.tradingview.com/x/nMZ2Xg7m/
Recommendation is sell. Based on technical analysis I predict it will go down with and follow 65 Degree down trend. Based on today (17th July) it might appear other way around and most individual trader might like to enter Long position. This is exactly big fish wants. ...
BSE:RELIANCE
Reliance Bear Might control/Short Next week
Reliance downward swing angle match upside. Next week expect profit booking/shorting. Caution: Fresh Long position should be with stop loss
https://www.tradingview.com/x/BzJyDeCM/
Reliance cmp 916 Initiating positional shorts in reliance with stoploss above 934
Trgt 880 approx
all prices spot
trade instrument june futures
trade quantity will be less than usual because of lack of direction in index
positional trade carries huge overnight risk -
NOT for small traders with capital 1-2 lakhs .
Might not update trade in real time so ...
Based on my PredictiveSystem's signals, today (10-May) its going to be a GREEN candle for RELIANCE
Buy above: 979.1
Target-1: 986.4
Target-2: 990.8
Target-3: 995.5
Stop loss: 971.3
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before ...
https://in.tradingview.com/x/8EVerQxp/
Reliance has completed 40 years.
Mukesh Ambani said to bring company among top world 20.
Reliance may open with gap up and may trader higher with target of 960.
JIO crossed 16 crore customers. Which accordingly monthly average of 150 rupees gives 28800 crore revenue yearly.
Reliance to innovate in new materials.
Often we see situations like above chart where it is difficult to decide which trendline is correctly drawn. Truly no one can actually tell which trendline is more correct than the other. And Is it the break of AB or AC or DE which should be considered to take the trade?
When ever there is such a situation, it is wiser to give secondary importance to these TLs . ...
Reliance has been a true star that practically carried Nifty for some time.
Now it's time for a breather. The rally looks tired.
Notice the indecisive price action at 1600 level (encircled).
Also there is divergence in the stochastics as seen in CCI.
Should be a low risk trade to go short with a stop above 1620 and target of 1505 (just before 1500 to be safe)
1. Prior trend is uptrend
2. Little Pause for a tea/coffee. ( Formation of Cup and Handle)
3. Grab your seat now and get ready to continue.
4. TGT 1640
cup and handle formed in daily , then breakout happened today with above average volume. short term tgt of 1601 is possible here. sl should be below handle low - around 1371.
