relianceindustries

I expect the stock to go bullish after breakout from the resistance level which is supported by a cup and handle formation

refer chart for details

- Levels are indicated in the charts - Wait for 1200 levels before hopping in

Reliance will start move upward from 1118.00-1084.00 Level, till that level we will see price will travel downside. If global cues are more crucial then the price will not respect above mention level and we will see the next downside level is 978.00-954.00. This level have strong support level.

Short Term View : @Trendline support. Closing above 1268 T1:1282 T2:1318 Sustaining/Closing below 1235, T1:1217 T2:1204 T3:1190

The BB shows there may be bullish reversal sign for Reliance industries but VI shows continuation on bearish trend as there is no cross over happening soon ,

An attempt to chart Reliance Industries based on trendlines and S/r zonesNSE:RELIANCE

1230 crucial level closing basis. Should reverse from 1230-1235

Reliance is at ATH and the next few days would be interesting.

Epic Reliance how far can it go? don't think about that. think about from where can you participate with a good negotiation

refer chart for details

The scrip has potential to move downside towards 1384/64/44/24/13. For entry and sl proper reversal sign should be used as a part of risk management. Regards

Short reliance

Support taken at previous resistance and is at the trendline channel low. Buy with a stop at Rs.1340 for a target of Rs. 1415-1425

FOR EDUCATION PURPOSE. Swing Buy Based on Supply Demand Flip Zones and stock looking stronger trading above 20 MA .

Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken. However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!

Short term view

Reliance seems to be bouncing off after unsuccessfully trying to go above the 13 period EWMA. The selling might continue for 1 or 2 sessions. Sell Reliance below 1327 stop 1338 target open