Wait for the opportunity, Let it decide the direction. Finger crossed. Closely watch the level as mentioned in chart.
Key Levels for RELIANCE : UPPER BREAKOUT~1447.35 FIRST TARGET~1467.45 INTERIM RESISTANCE~1488.60 FINAL RESISTANCE~1506.90 LOWER BREAKOUT~1416.15 FIRST TARGET~1394.10 INTERIM SUPPORT~1372.95 FINAL SUPPORT~1354.35 My views are for educational purposes only. Please trade with caution and consult your financial adviser before trading.
There is a shift in the GANN channel. I think it should move in my marked area (TWO BLACK TRENDLINES) 45* is the best suitable angle for Reliance Industries Gap at Rs 1260 should be filled soon.
Reliance industries completed the uptrend 1.618 is over and now has to take a dip down
.786 RETRACEMENT VALIDATES THAT BUTTERFLY IS UNDERWAY AS IT TODAY LEFT WICK AT .786 LEVEL IT IS VALID
Key Levels for NIFTY50 : UPPER BREAKOUT~9227 FIRST TARGET~9274 INTERIM RESISTANCE~9325 FINAL RESISTANCE~9384 ***************************** LOWER BREAKOUT~9135 FIRST TARGET~9095 INTERIM SUPPORT~9092 FINAL SUPPORT~8958 Please trade with caution and consult your financial adviser before trading.
In my previous post, I have shown that NSE: Reliance Industries forms triangular patterns on daily chart. Today Reliance opened gap up & completed its another triangular pattern. (Black dotted lines) This Gap will be filled as Reliance never leaves a gap unfilled. RSI gave a bullish divergence in mid-march 2020 which lifted Reliance by more than 55...
Closing above previous sideways movement. Should provide good support.
Notes on the chart. Hit like @jaysingh_2020
Technically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390 22/04/2020 Closing 1363 Spot. Little...
Perfect inverted pyramid shape. Time to go long af NSE:RELIANCE ter closing above 1230.
Recent News bulls the Reliance and Market also...Last 2 hours some pull back trade.... Oi also decrease shows short covering....spectator book their profits at open... Play Accordingly... Do your own analysis... Blue line target...
SELL AROUND 1380 TARGET AROUND 1250
There's a very big relation between the price action and volume. Sometimes we see there's a breakout in the chart but later it comes out to be a false breakout, reason being low volume. Here in reliance we can clearly see a breakout with big volume which can take a stock upto 1300 within 2-3 days. Buy at cmp with a stoploss of 1166.
Reliance hourly wave chart looks like correction is imminent Disclaimer - Wave counts are set to change and is controlled by Markets & unknown forces
Key Levels for NIFTY50 : Upper Breakout~9127 First Target~9227 Interim Resistance~9350 Final Resistance~9485 **Lower Levels** Lower Breakout~8823 First Target~8726 Interim Support~8602 Final Support~8486 Please trade with caution and consult your financial adviser before trading.
Reliance Short this could be bigger reward short if you can manage the risk well