Check the levels marked in the chart.
Note: This is for educational purpose only and please do not trade in F&O. There seems to be a potential for bullish breakout above 2135₹ levels. RSI above 60 indicates bullish momentum. SL: 2000₹
It's been consolidating since very long time, while Nifty is making new highs. If it breaks out , it might give you some good targets. Keep it in your watch.
As per our Tycoon GANN levels reliance is on sell from opening all targets and stop levels available inside the chart please refer to it
Reliance forming perfect diamond shaped pattern. Go short for next target being the red trend line.
Daily chart's 12EMA crossing upward of 50EMA, is a bullish entry trigger Two days consolidation after the crossing, is positive. Weak to Strong hand-over took place, those two days Strength indicator got stronger Direction movement indicator biased for up-move. CNX Energy, benchmark index for this stock, also showing strength. Both improved by 12%, MTD...
Check the marked information in the chart before taking a trade.
Fake breakout earlier, now should keep going up.
Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets. Take the trade, its okay if SL gets triggered, you would...
Note: This is for educational purpose only and do not trade in F&O. There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI). SL: 1825₹
Currently reliance is moving in side-way market and slightly moving in up direction. Just have a eye on it.
RELIANCE can give good upside trending moves in coming days. BUY in the range of 1955-1965 Target 1 - 2184 Target 2 - 2374 Target 3 - 2595 Stoploss - 1855
*Study is based on Futures Reliance has managed to crossover the trendline in daily charts today. What we have to watch is if it manages to hold because if it does, we might see a bull rally which will take the prices above 2000 levels. Aggressive or risky traders can buy once RSI manages to cross 50 levels in Intraday charts with a stop loss of 1950.
Check video for details
My views change with new structure formation. What do I mean with this? See previous idea. Link below. Now, seems bullish for 2112/2225. Regards
RELIANCE:- LOOKS GOOD AT CMP 1920/1924 FOR 2100 LEVELS WILL COME INVAILD BELOW 1880
In daily chart, price is at support of the horizontal channel. Forming double bottom but RSI is increasing, indicating bullish move. Target price is 2100 - 2300.