MOMENTUM TRADE IN RELIANCE BUY@1620 STOP@1606 TARGET@1633 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!
Technical Trade - Price is contracting and the volume has been shrinking since the past month or so. Last days have seen a lift with substantial volume is choppy markets.
As we saw yesterday Reliance took a dip to 1564 region which was Target 1 and bounced exactly form support to break the previous ATH of 1620 and made a new high of 1626.70, which brings back reliance in a bullish trend. As on 16/06/2020 if reliance opens in positive and holds up to previous days gains, Buy Reliance above 1627 with SL of 1623 with a long term...
Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS UPPER BREAKOUT~9845 FIRST TARGET~9880 INTERIM RESISTANCE~9921 FINAL RESISTANCE~9960 ************************** LOWER BREAKOUT~9787 FIRST TARGET~9758 INTERIM SUPPORT~9728 FINAL SUPPORT~9691 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
Key Levels for MARUTI : INTRADAY CHART ANALYSIS UPPER BREAKOUT~5512 FIRST TARGET~5540 INTERIM RESISTANCE~5570 FINAL RESISTANCE~5602 *************************** LOWER BREAKOUT~5461 FIRST TARGET~5438 INTERIM SUPPORT~5411 FINAL SUPPORT~5381 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
Key Levels for RELIANCE INDUSTRIES : INTRADAY CHART ANALYSIS UPPER BREAKOUT~1616.20 FIRST TARGET~1623 INTERIM RESISTANCE~1631.70 FINAL RESISTANCE~1639.70 LOWER BREAKOUT~1604.85 FIRST TARGET~1596.50 INTERIM SUPPORT~1587.80 FINAL SUPPORT~1579 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
RSI Divergence spotted in Reliance. Could be a sell if breaks below trendline with good volumes
Breakout can be huge or heavy selloff can happen at 1620 level. So trade carefully! Buy only if it breaks 1620 Resistance with good volume. BUY above 1620 Target of 1640, 1650 Use tight SL
HI Traders/Investors, Two week ago I posted my analysis on this stock giving conditions for trades . Let us see reliance followed which and how ? In point no.3 " A green means white zone is not taken out then price will move to blue zone and red will be crossed easily." See price did not even dare to visit white zone and see...
Reliance has broken its long term trend line , expected to test its previous lows .. stay cautious supports mention in the chart
Key Levels for HDFCBANK : INTRADAY CHART ANALYSIS UPPER BREAKOUT~975.50 FIRST TARGET~984.60 INTERIM RESISTANCE~992.30 FINAL RESISTANCE~1000.65 *************************** LOWER BREAKOUT~958.70 FIRST TARGET~949.60 INTERIM SUPPORT~941.90 FINAL SUPPORT~933.50 My views are for educational purposes only. Please trade with caution and consult your financial adviser...
Key Levels for RELIANCE : INTRADAY CHART ANALYSIS UPPER BREAKOUT~1547.60 FIRST TARGET~1556.60 INTERIM RESISTANCE~1565.05 FINAL RESISTANCE~1574.05 *********************************** LOWER BREAKOUT~1530.15 FIRST TARGET~1522.35 INTERIM SUPPORT~1514.55 FINAL SUPPORT~1507.60 My views are for educational purposes only. Please trade with caution and consult your...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Key Levels for RELIANCE : INTRADAY CHART ANALYSIS UPPER BREAKOUT~1580.50 FIRST TARGET~1588.30 INTERIM RESISTANCE~1600.20 FINAL RESISTANCE~1616.50 ******************************* LOWER BREAKOUT~1569.80 FIRST TARGET~1562.50 INTERIM SUPPORT~1555.15 FINAL SUPPORT~1544 My views are for educational purposes only. Please trade with caution and consult your financial...
Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS UPPER BREAKOUT~10162 FIRST TARGET~10198 INTERIM RESISTANCE~10231 FINAL RESISTANCE~10264 ****************************** LOWER BREAKOUT~10120 FIRST TARGET~10091 INTERIM SUPPORT~10062 FINAL SUPPORT~10027 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
AS PER THE PREVIOUS VIEW ON RELIANCE (CHECK MY PREVIOUS POST )WE HAVE REACHED THE PRICE LEVEL OF 1535 BEING 8 SESSIONS TRADING UP 2 DOWN CONFIRMS BEAR ARE RULING NOW RELIANCE FACES STRONG RESISTANCE NEAR 1576-1565 LEVELS SHORT RELIANCE AT AROUND 1545-1555 TARGET 1. 1520 , 2. 1499 SL 1585 SENARIO 1. A-B 2. A-C-D-E 3.A-C-D-F-G 2- 3...
Failed to sustain above all time highs. Stock is suggesting a corrective wave sequence of ABC which will give a target around A=C that is the recent lows again. Sell on any rise & hold. Invalidation would be only if it holds above all time highs on weekly time frame.
Key Levels for BANK NIFTY : INTRADAY CHART ANALYSIS UPPER BREAKOUT~20858 FIRST TARGET~21114 INTERIM RESISTANCE~21341 FINAL RESISTANCE~21568 ***************************** LOWER BREAKOUT~20322 FIRST TARGET~20144 INTERIM SUPPORT~19979 FINAL SUPPORT~19766 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.