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Relianceindustries

Heavy profit booking in RELIANCE in the last few trading sessionNSE:RELIANCE made it's all time high in the last couple of weeks and the price has been range bound ever since with huge profit booking taking place by investors who entered in the months of June at lows of INR 1200.00 - 1400.00 Reliance will move again after this consolidation phase which may last for a couple of more days. Reliance tried to break INR 2150.00 range in the last week but the breakout did not last.
NSE:RELIANCE
by jashjacob
2
Reliance No Need To Wait Anymore ⤴️⤴️ From TomorrowHello Guys, Hope You have booked good profit on our last call on NTPC. Now we are discussing about reliance for tomorrow trend. as we all noticed that reliance is working on slide ways speed from last 1 week. As per Reliance month volatility you might noticed this also, Reliance show up trend once every 7 days. Tomorrow is the 7th day if it. you can try intraday as well positinal from tomorrow to 1 week mind set. Target Will be : 2115 - 2130 - 2150 Within Couple of days.. Must Comment here after watching 2-3 Days trend on the same.. And want to thanks to all of them who followed us here on this platform, Thanks Again UD Trade (Brand Of Trust)
BSE:RELIANCELong
by UDTrade
3
THE TL that could define NIFTY action for weeks to comeMotabhai at a very important juncture facing overhead resistance at 2200 along with rising TL support from covid lows! The next few candles price action are going to be decisive for the nifty. personally feel we'have made a top. if opens gap up tomorrow or day after in the red box! immediate selling pressure will start.. If we break this TL,then supports on chart. minimum test of previous swing low at 1990. but that would open further downside towards 1800 min. due to break of TL. looks like bears coming with vengeance!
NSE:RELIANCEShort
by AbhishekHiremath
2
RELIANCE BREAKOUT Reliance has seen some profit taking come for a while. There is a strong resistance at 2200, which is a very important zone. On Friday, the stock was not able to move out of the right range as marked in the yellow box on the chart. After a period of extended consolidation, the market may be finally ready to take the price above 2200. Strategy: Observe for a breakout above 2160. Enter at the first dip after the breakout, around 2155. Stop Loss at the lower end of the range @ 2120. Target at 2260. Giving a RR ratio of exactly 3:1.
NSE:RELIANCELong
by ArcherDAVIS
RELIANCE DAILY|Nail Biting Moment!!Reliance has always been unpredictable for the buzz has created hype always. Also, is currently a trusted company for investors. In the current scenario, 2 things can happen. The breakout of the lower trend line is one case. More the number of hits, more the chances of a breakout.In that case go for Short. The second thing is towards the top it is forming an ascending triangle pattern. If that breaks then reliance would be all set to set new all-time High !! Whether or not it journeys towards doing so will completely depend on today's and tomorrow's trade.
NSE:RELIANCE
by abymarine2015
2