Relianceindustries
Reliance heading towards 1061.25Reliance will fall sharply to 1061.25 and it is seen as strong support.
RELIANCEAs per this weekly chart we can see how beautifully each time the stock has respected Harmonic Patterns and shown reversals. From a Bearish AB=CD to a Bullish AB=CD, followed by a Bearish Deep Crab and now a Bullish Deep Crab along with a Bullish AB=CD. If it can hold 1285 then a retest of 1400-1450 looks probable.
RELIANCE GARTLEY IS UNDERWAY (FUTURE CALCULATIONS)ONLY XA LEG IS COMPLETED AB=CD LEG IS REMAINING ONLY A TO B IS UNDERWAY WHICH IS CURRENT BLACK LINE BUT TO COMPLETE AB=CD STOCK HAS TO GO UP A LITTLE TO FORM BC LEG THEN CD LEG AS PREDICTED WITH BLUE LINES BUT I HAVE CALCULATED .786 LEVEL OF XA LEG WHICH IS DEFINITE FOR NOW TARGET IS MARKED GOOD LUCK
TRADE AT YOUR OWN RISK
Reliance - Buy with a stop loss of 1428Spotted an interesting formation on Reliance Industries.
It supported the Nifty yesterday and helped it pull up from lower levels.
Traders may go long today, following a stop loss of 1428 and targets of 1450-1465.
Please carry due diligence, before taking a position.
Reliance - moving within a narrowing channel, Buu near 1465.Reliance is moving well within a narrowing channel, Try to buy near 1465, with a stop loss of 1460 and targets of 1489-1511.
