In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders. On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment...
RELIANCE, is expected to break the resistance zone and move further upside with 2300-2350 levels in short period of time. RELIANCE EXPECTING FOR UPSIDE BREAK KEY RESISTANCE 2145 BREAK ABOVE 2145 IS 2200-2320-2345 KEY SUPPORT OR STOP RANGE 2070 SHORT TERM 5-7 TRADING DAYS {VIEWS ARE SOLELY FOR EDUCATION PURPOSE ONLY.}
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
I'm just waiting for breakout from its pattern if breakout occurs we could see again the previous momentum ..
Current price structure suggest that the triangular wave structure has been completed already as we have got he final setback as wave-e. One should go long with SL of wave-c for the targets which are mentioned on the charts. The price breakout & sustainability above the level of wave-d will bolster this idea.
TREND ANALYSIS & TRADE SETUP ! TRIANGLE CHART PATTERN !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 8-10 Times
follow the trend line to enter and place the stop loss 2-3% below trend line
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
up trend has started the level of 860.00 . target:2289.60
SELL below 2107 TGT 2102-2098-2094 SL 2117
Off the rising Channel (pink ) Though inside the Wedge (rising or falling,...cant makeout) For the last one month (since July 22) its consolidating. RSI is at 50. To mit seems like a Flag & Pennant and the rise would come in the Q4.
The lower Daily Chart trend line was broken last week and has recovered today to get back into the same zone. The falling channel's upper edge and the upper trend line (in orange ) , both have been respected multiple times until now. The falling channel upper trend has been broken today. The final pattern seen is a 2-B Bottom Chart . If the pattern continues,...
Reliance is looking week. Just wait for break down.
NSE:RELIANCE made it's all time high in the last couple of weeks and the price has been range bound ever since with huge profit booking taking place by investors who entered in the months of June at lows of INR 1200.00 - 1400.00 Reliance will move again after this consolidation phase which may last for a couple of more days. Reliance tried to break INR 2150.00...