The stock has given the breakout and may show the level of 2100 soon until 1995 is saved on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Reliance has been looking weak in the last 2-3 weeks with a lot of negative sentiment. Price has been trading lower providing long term investors with some very good entry points during the trading session. Breaking the 2000 sentimental price will require some strong buying in the coming days.
We were bullish on it because of EW analysis and till it stays above 1835.10 the counts are still valid. Now looking at simple analysis, it made double bottom and height of the double bottom is our target. Entry and exit you have to scale in and see. Trade according to your setup. And the bullish levels which were mentioned in previous ideas of reliance are still...
Weekly Wrap On reliance
reliance looks bullish wait for the breakout for fresh buy entry
Reliance looks lucrative at current level for first target of 2020 and will be bullish further once it crosses 2020
Formed a triangle on its way down. will have to wait for a few more days to confirm.
Reliance , forms "Descending Triangle Pattern" on Daily time frame as well as Looking for completing "M" Formation too. Above I gave all the details with Stop & target & this could be a nice opportunity for those who want Bears on their side. This Trade could take time to complete 1:2 ratio, but Those who looking for 1:1 can get in this month only. you can...
RELIANCE - Near Ascending channel resistance zone at weekly time frame Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
The chart showing M pattern, the stock will move downside. Target 1 -1940 Target 2 -1923 * This is for education purpose only.
Reliance is looking positive after completion of a corrective wave at 1855. Now breaking above wedge line will leads to given targets in coming days. wait for breakout above upper wedge line OR if closes above 2000. - Wait for breakout - Closing below lower wedge line will be SL.
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RELIANCE BUY ABOVE 2010-2015 SL1970 TARGET: 2032, 2058, 2074. 2093, 2114, 2126 Buy range and SL are on Closing Basis Posting for Educational purpose only Closing Basis means stock need to trade above 2010 - 2015 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Reliance on the verge of breakout, upside move more probable. Look at pivot points in chart for levels. Great Opportunity Upcoming. Lower Target 1 and Stop Loss for Longs: 1993. Upper Target 1 and Stop Loss for Shorts: 2010. Stay Connected for Further Targets. Note: Idea only for Education Purposes.
Can take long position if it crosses that red trend line.