Relianceindustries
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.
It’s come for correction and now it will go upward journeyAs you can see in the chart reliance Is strongly bullies monthly as well is weekly so you can buy it and target is 1600 and above so on Best of luck traders and investors you take a diamond
RELIANCE FIBONACCI LEVELSIT IS NEAR TRENDLINE SUPPORT AS WELL AS 50% FIBONACCI LEVEL STOP LOSS IS 1343 TO GO LONG
RIL Education OnlyWill it retrace to 1.41 / 1290-1300 Price?
Retracement just above from 1.61 start.
RELIANCE VIEW FOR COMING DAYSONCE A TRENDLINE IS BREACHED ON CLOSING BASIS IT BECOMES SUPPORT NOW AS WE SEE WITH BLUE LINE STOCK TOOK RESISTANCE 3 TIMES AND FINALLY BREACHED UPSIDE AS SEEN WITH ARROW THEN BECAME SUPPORT BUT NOW AS SEEN WITH ELLIPSE STOCK IS TRYING HARD TO TAKE SUPPORT AT THIS TRENDLINE WHICH BECAME SUPPORT PREVIOUSLY IF IT BREAKS IT ON CLOSING BASIS STOCK WILL FALL TO 1485 USE 1 HOUR CANDLE
Pullbacks may find resistance at 1455, 1480 & 1545 levelsWe see that reliance is at a longer term support on the daily chart. After the earnings that stock has been melting like ice on fire. The RSI has moved into an oversold zone, so a small bounce is not ruled out, the quantum of bounce back will decide the future of Reliance Industries. MACD is into bearish zone, pullbacks may find resistance at 1455, 1480 & 1545 levels. If the stock successfully breaks there barriers then there may be a good chance of revival, else 1370 – 1280 zones are open.
Reliance ,coming week ahead !!! Currently its weak
on the charts small support zone near 1512
next support 1486-87
Can be range bound situation also from 1512 and 1550 .
Any further breakdown will only decide the move.
