Don't be a fool by accumulating NSE:RELIANCE at these levels because of the results, jio, blah blah....... Remember the level 655, it would come down there some day. Accumulate then only...... Currently, just trade, don't invest.
Hello Everyone, RIL's results are out, and I'd suggest to compare it with YoY performance rather than QoQ. Jio results are beyond expectations and deal with FB is a booster. RIL holds the capacity to outbreak Nifty beyond 10000 for sure. If we consider the positive trend in RIL, I'm expecting it to hit 1640 target in the coming days. Here's how I analyze...
Reliance triangular pattern breakout in last 30 minutes candle. Expecting gap up tomorrow Supply zone @1555-1576
INTRADAY TRADE IN RELIANCE FUT SHORT@1561 STOP@1571 TARGET@1546 QTY=1500 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT BUY@1490 STOP@1475 TARGET 1@1520 TARGET 2@1535 QTY=1500 !!CARRY FWD!! !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!! OPTIONS TRADE IN RELIANCE 1540 CALL...
Reliance ind looking bearish. Reasons: 1. Double top and it may create another top including that top it will be triple top then. 2. Bearish divergence on the Money follow. 3. There's a possibility retracement at 1370 before moving up. 3. There's a strong demand zone at 1259.
Forming a Ascending triangle on the intraday timeline. I'd like to see a retest at 1450s before reversing back up. Would provide a nice support for the move up.
RIL has been taking support at this trendline and if this breaks, it can lead to good breakdown!
Even though price is moving high but we have multiple resistance coming in short term Check the chart for the levels
Excellent setup in Reliance! Range bound moment has broken on the downside.
Monthly Charts force us to take a step back and give us no choice but to identify the direction of the primary trends. We use these charts to put shorter-term trends into context and this exercise is particularly useful when the market is experiencing heightened volatility. Reliance Industries closed April near the highs of the month and is only 10% off its...
this is getting too high too fast and probaly related to option expiry and now the options have expired worthless the market can dump and we have gaps down there opened to be filled
I am a rookie in this subject and trying to fetch as much knowledge as possible to apply in the stock market. Feel free to suggest any error or update. this is my first analysis. Thank you. hoping to see supports from the community!
Stay short in Reliance with SL 1378 for target 1320+++ BUY ABOVE 1478 SL 1447 TARGET 1499/1610
RELIANCE IND MIGHT FACE RESISTANCE AROUND 1500-1540 AND RETRACEMENT REASONS - RSI OVERBOUGHT - LONG UPPER WICKS SHOWING SELLING PRESSURE - AT UPPER PARALLEL CHANNEL - QUARTERLY RESULTS ARE BAD - REVENUE DECLINED PROFIT DECLINED
Today earnings of Reliance industries were declared. It is very clear that the bottom-line of business took a good hit. Now, RIL has issued the right issue. Here is my look at how as an investor you should look at it. The right issue will technically reduce your ownership if you don't participate in the right issue. I think one can sell RIL from current level...
ENTER SHORT IN RELIANCE FOR DOWNTREND SL LEVELS WILL BE AOUND 1435-38 IF DID'NT CLOSE ABOVE 1435 STOCK MIGHT TEST 1380-1400 LEVELS.