reliance at support im expecting downtrend
Unless 1300 is decisively broken, Reliance remains Bearish
Double bottom pattern spotted in Reliance. Pattern is confirmed as price has broken above 1290. Pattern suggests a target of 1333. However by further inspection we could find a series of considerable resistance at 1300, 1308 and a trendline which might prove to be very significant. Though trading purely based on the pattern would suggest to initiate longs, the...
Reliance Buy At CMP 1250-1255 Stoploss is 1190 Target is 1337-1420 Reasons For Trade- 1. Reliance is Near to importnant trendline support as well as Horizontal Support 2. 200 Days EMA support is Near to 1200 on daily chart 3. Risk Reward is 1:5
WAIT FOR CONFIRMATION BREAKOUT OTHERWISE IGNOR
Head & Shoulder pattern observed in Reliance. However the pattern is yet to be confirmed. So, take bearish view only if neck level of H&S fails to hold as support. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and...
Reliance Sell Near 1268-1270 Stoploss 1283 Target 1210-1200 Reasonf For Trade- reliance is in strong downtrend on daily chart. 2.Price is moving in 15 minute channel which is making lower highs and lower lows. 3.Weekaly Chart Support is 1190. 4.Price is forming rounding top on daily Chart. 5. Risk Reward 1:2.
RELIANCE LOOKS BEARISH AND CAN TEST 1250 NEAR RANGE.....
There Is A Possible Downwards Breakout In The Reliance Stock This Week! The Stock Is In A Descending Triangle Pattern. Plan Your Trade According.
NSE:RELIANCE Hii.... As per One year chart, Reliance is in Uptrend and has mentioned support Trend in chart. For Short period Reliance is in downtrend. It will touch support line in few sessions hopefully. There are 2 Targets mentioned in chart. They are 1214 & 1201. Mostly it will not break Support line but Set target till support line. If more time it...
Double Top pattern spotted in Reliance. At the time of posting the stock is trading at 1293, well below the neck level of 1308 and candle close will most likely confirm the pattern. Once there's a confirmation, the stock can be expected to fall towards 1250.
aartiind perfect parallel channel buy above 1738 sell below 1724.50