RELIANCE (Reliance Industries Limited) BUY ABOVE 1159
RELIANCE SEEMS TO BE MAKING A ZIGZAG CORRECTION IN WHICH WAVE A ENDED AT 1016. THE B WAVE IS A AGAIN A ZIGZAG CORRECTION. C WAVE OF THIS B WAVE SEEMS TO BE AN ENDING DIAGONAL, WHICH GIVES US A TARGET OF 1070, WHICH SHOULD BE REACHED LATEST BY 10 DECEMBER 2018 AND SINCE THIS IS A ZIGZAG CORRECTION, THE FINAL TARGET IS THE END OF WAVE A, I.E. 1016.7. RELIANCE HAS...
Triangle breakout done. Refer chart for other details Vijayaraghavan.K, Kovilpatti.
BEARISH ALT BAT PRZ 1159-1162 SL 1170 Target 1146/1137
Bearish Bat Running from 1155 Highs. No Trades above 1120 Below mentioned are three targets 1090 - 1092 1070 - 1075 1045 - 1050
BTST IN RELIANCE INDS NOVEMEMBER FUTURES BUY@1095 STOP@1085 TARGET@1110 LOT:500 QTY:2
RELIANCE Q2 profits are good... By looking at the OI - PCR at 0.59 i am thinking Investors are making long positions, and we have to wait and watch what will happen in the coming trading sessions. My expectations are above 1177 it will rally towards 1220 - 1270
Reliance Looks a good buy around 1050 with sl 1010 Due to three confirmations 1)Bullish Engulfing at this level 2)Horizontal Support 3)200DEMA around 1040
If closes below 1100 (i.e. a breakdown), Sell: 1095, SL:1128, Target1: 1072 Target 2: 935 levels Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
RELIANCE MIGHT FALL 1-2 % MORE AND RISE THEREAFTER. BUY RELIANCE ABOVE 1109 FOR TARGETS 1120/1133/1148 SL 1081
RIL has formed a H&S pattern in the daily charts, and there was a breakdown closed below the neckline. Target SL mentioned in the charts. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
As on 15th Sep 2018, Reliance is looking bearish for short term and bullish for long term as per support trend line and fibonacci indicator on daily chart. SHORT TERM BEARISH TARGETS_1240.60/1219.80/1200_STOP LOSS 1273 LONG TERM BULLISH TARGETS_1300/1331/1351_STOP LOSS 1229 Moreover, as per fibonacci levels, reliance will retrace upto 38.2% level i.e. 1150.
The "SHORT" will be initiated if the stock is able to break the following levels: ENTRY - 1221.30/- STOPLOSS- 1251/- (which I suggest to trail when the positions come in profits) TARGETS: FIRST- 1209.30/- SECOND- 1197.20/- FINAL- 1185.00/- (Chances of this targets are likes JACKPOTS which happens very rarely) "EARN BIG PROFITS; TAKE SMALL LOSSES"
NSE:RELIANCE A close outside this triangle patter will lead to new all time highs in this stock.
SO SHORT TRADE PLAYED OUT PRETTY WELL DONT BE FOOLED THAT THE STOCK HAS TURNED FOR GOOD BE AWARE ITS EXPIRY NOW WE CATCH IT ON THE UP SIDE A SLIDE TO 1245 CAN BE SOLD NOW AND COVERED @1250 AND ADD FRESH LONGS @1245-50 FIRST TRADE SHORT@1280 STOP@1290 TARGET@1250 LOT:1000 QTY:1 SECOND TRADE BUY@1245-50 STOP@1235 TARET@1280 LOT:1000 QTY:2