Consolidating.... , being a financially well established company i wont advice to short it but wait for technical signals before going long.
Reliance trying to break the trend line on upside. However, if it fails to break, we can go short. Go long above 2020. Go short below 1960
Reliance Intra-day Targets for Bullish and Bearish side If Nifty 50 Index is Positive- Reliance Targets for Buying is given in picture If Nifty 50 Index is Negative - Reliance Sell Targets is given in picture The Ideas are for educational and learning purpose only.
If RIL share trade above 2000 level then we can go for long entry for the target price of 2100 with the SL 1970. Stock in consolidation mode. Entry above the BO of TL. RSI is also forming positive divergences. This is for your educational purpose only.
Reliance Keep a stop loss of 1930, targets 2040-2080-2100+. 2000-2100 bull spread offers good rsk reward.
Most probably reliance will open gapup and it will retest the triangle resistance. Good for long
Buy Above Upper redline breakup Sell when the lower red line break down and make sure you don't put SL of more than 10 rs max
In this Video I discuss my weekly view on reliance. Trend is Up Buy on dip or breakout trade ? 2002 a strong support with resistance at 2100. sl 1960 for long term. Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trades.
(Intraday / Swing / Positional) | RR 1:2.5+ | Type:- Pre - Breakout/Retest Reasons To Trade🤔 :- Stock Is In Overall Uptrend, Above 200DMA, Market & Sector Leader, Ready To Break - Triangle Pattern . Entry :- 2040 (After Breakout) Stop Loss :- 1985 Target's :- 2175 | 2300 (Risk Must Be Managed.) Keep Your Eyes On Index Follow For More 🤝 Give Me A...
Reliance immediate target looks 2550, say by Jan 10th-14th 2021 Ideas & discussion is appreciated on this post with likes too !! ** this is for educational Purpose only, trade at your own risk !!
Reliance Industries has formed a Symmetrical Triangle on Daily Chart. Though its a continuation pattern, and the current short term trend is down in RIL it is expected to give a downside breakout to continue to trend. However, since anything may happen in the market, it's better to wait for Breakout on either side of the pattern.
Reliance formed a symmetrical triangle in the higher time frame. In the long term, the stock has consolidated a lot and there Are good chances we can see some big moves. Buy above - 2050 - Target - 2180 , 2280 , 2300+ Sell Below - 1930, Target - 1830 (This is short term selling, that's why I haven't mentioned "Sell" in the chart) This analysis is done only...
This weeks candle has engulfed last two weekly trading candles. CNXENERGY has been doing great, it is at all time high. If Reliance retraces more till Rs 1800 it is still a good pick for accumulating. Happy Trading Happy Weekend!
CMP 2026 No Buy Sell Suggestion. Follow Trend Lines - Pink Follow Blue Lines for SL T
RELIANCE IS MAKING PROBABLY ASCENDING TRIANGLE WHICH IS ALSO CLOUD RESISTANCE. TARGET 2320 IF 2080 BROKEN WITH VOLUME.