RELIANCE has broken the major support and it has already given a bearish confirmation. STOPLOSS HUNT SEEMS TO BE OVER ABOVE 1.618
Sell reliance with the sl 2200 currenty trading at 2117. Support at 1980. Use this support for target 1. If support one breaks next target 1900. 1900 is the good level to buy again.
trend : Down Entry : below 2098 SL : 2110 Target: 2073 Only for study . best of options traders
Hello Guys, Hope You have booked good profit on our last call on NTPC. Now we are discussing about reliance for tomorrow trend. as we all noticed that reliance is working on slide ways speed from last 1 week. As per Reliance month volatility you might noticed this also, Reliance show up trend once every 7 days. Tomorrow is the 7th day if it. you can try...
Motabhai at a very important juncture facing overhead resistance at 2200 along with rising TL support from covid lows! The next few candles price action are going to be decisive for the nifty. personally feel we'have made a top. if opens gap up tomorrow or day after in the red box! immediate selling pressure will start.. If we break this TL,then supports on...
RIL has formed a double TOP and given a bearish confirmation
High chances of RIL breaking out higher if the Future Retail deal is closed.
Reliance has seen some profit taking come for a while. There is a strong resistance at 2200, which is a very important zone. On Friday, the stock was not able to move out of the right range as marked in the yellow box on the chart. After a period of extended consolidation, the market may be finally ready to take the price above 2200. Strategy: Observe for a...
Consolidation taking place in RELIANCE in 2100 - 2160 range. Adjsuted Gross Revenue dues news slated for Friday should boost RELIANCE (a.k.a) Jio dominance based upon the other telecom players BHARTI AIRTEL LTD and VODAFONE IDEA LTD
Looks very Bullish, if it breaks upside..!
RELIANCE looks to be on the break out level. Break above the resistance line can take the stock towards 2265-2300 levels. It can be bought with a stop below 2105.
Reliance tomorrow buy at opening price and target price @30-40 rupees for more details and free calls contact me via whats aap +918639518973 earn tomorrow and message me
The lower trend line has taken many hits by now and is likely to break. With a little zig zag in the meanwhile, we can hope for the bears to overtake the chart. I would up-vote for SHORT trade. (However, this is my chart analysis, trade at your own risk ! ;))
Reliance has always been unpredictable for the buzz has created hype always. Also, is currently a trusted company for investors. In the current scenario, 2 things can happen. The breakout of the lower trend line is one case. More the number of hits, more the chances of a breakout.In that case go for Short. The second thing is towards the top it is forming an...
Reliance has retraced 50% from the recent highs and has formed a bullish AB=CD pattern. There is a trendline support as well. Odds favour long. Buy for 2070-2080 with a stop below 1995.
Fib and Gann analysis of reliance . support at 2050 is strong, if broken then can test 2000.
Currently took support on the last low of 2052.8 any closing below it would drag it to 1980. Plan your trade accordingly Do make chart simple instead of going for complex charting. :)
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.