Key Levels for NIFTY50 : Upper Breakout~8987 First Target~9072 Interim Resistance~9207 Final Resistance~9348 **Lower Levels** Lower Breakout~8852 First Target~8743 Interim Support~8619 Final Support~8484 Please trade with caution and consult your financial adviser before trading.
Reliance stock price will probably reach 1330 area where it will face technical resistance of the 100D EMA and Upper TL of the structure. Also, keep in mind that the market hasn't bottomed out yet. Once the economic shock from the COVID-19 Pandemic comes into the light, the stocks will start dropping once again.
Key Levels for NIFTY50 : Market may open gap up, only trade when breaks and sustains the broken LEVEL Upper Breakout~9175 First Target~9350 Interim Resistance~9500 Final Resistance~9715 **Lower Levels** Lower Breakout~8854 First Target~8716 Interim Support~8556 Final Support~8365 Please trade with caution and consult your financial adviser before trading.
Hope we will get in the mentioned price range Remember debt is still high for Reliance
Trend Analysis & Trade Setup !! Follow Chart Instruction. Educational Purpose. Risk Reward: 7-8 times.
Perfectly take support at 0.78% from High. Fibonacci Retrenchment. Education only.
It's coming at my entry. Let's Go Baby...
Buy Reliance above 1315 Target 1330-1350 SL 1305
Reliance will fall sharply to 1061.25 and it is seen as strong support.
Buy Price - 1420 Target1- 1505 Target2 - 1600 SL -1360
Education Purpose Only Support and Move Up into Channel.
ONLY XA LEG IS COMPLETED AB=CD LEG IS REMAINING ONLY A TO B IS UNDERWAY WHICH IS CURRENT BLACK LINE BUT TO COMPLETE AB=CD STOCK HAS TO GO UP A LITTLE TO FORM BC LEG THEN CD LEG AS PREDICTED WITH BLUE LINES BUT I HAVE CALCULATED .786 LEVEL OF XA LEG WHICH IS DEFINITE FOR NOW TARGET IS MARKED GOOD LUCK TRADE AT YOUR OWN RISK
Ascending triangle in formation, buy above the trend line.
Reliance buy signal has been noticed in lower time frame with good momentum.
Spotted an interesting formation on Reliance Industries. It supported the Nifty yesterday and helped it pull up from lower levels. Traders may go long today, following a stop loss of 1428 and targets of 1450-1465. Please carry due diligence, before taking a position.