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Relianceindustries

Reliance Montlhy Chart with EMA 55Reliance Montlhy Chart with EMA 55. Reliance is tracking high-growth markets since Nov 2016 and behaving like one of the large-cap tech stocks on Nasdaq. As the stock pivot's into a debt free company, are we going to witness another consolidation period? Today's price action was quite interesting, as the stock tried to scale its previous highs of Nov 2019. The monthly chart pattern has maintained its overall bullish stance despite the sharp fall in March 2020, allowing the stock to retest its pre-Covid highs. If the stock corrects, watch out for EMA 55 supports that are currently a bit away, Daily around 1327 levels and weekly around 1335 levels. Disclaimer: All the index, stocks, futures, options ideas discussed herein, in this presentation, are not my recommendations for the purpose of initiating a trading position. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
NSE:RELIANCE
by gvijikum
Reliance Industries Share AnalysisHello Everyone, RIL's results are out, and I'd suggest to compare it with YoY performance rather than QoQ. Jio results are beyond expectations and deal with FB is a booster. RIL holds the capacity to outbreak Nifty beyond 10000 for sure. If we consider the positive trend in RIL, I'm expecting it to hit 1640 target in the coming days. Here's how I analyze it. RIL to hit the trendline below at 1446 price and post which it'll continue to give a uptrend and break 1500 target In case it breaks down below the trend line of 1446, then go for short selling to the targets of 1420 and 1390 That said, considering the results and the way RIL is leading, I'm on a strong positive buy side. Hope this helps! Do let me know, if you want me to add anymore view or pointers, if I've missed any. Thanks, Akshay
NSE:RELIANCELong
by AkshayKudchi
10
Reliance Industries Stuck Below ResistanceMonthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Reliance Industries closed April near the highs of the month and is only 10% off its all-time highs. Right now it's stuck in a sideways trend, but if prices see follow-through above 1,450 then its uptrend is likely to continue with a target near 2,200. Given the current market environment that may take some time, but given the relative strength in the stock, we expect an eventual upside resolution.
NSE:RELIANCE
by AllstarchartsINDIA
1