Overall Commodity cycle has started. RIL will benefit from it ! Cup & Handle Breakout at 2620 Levels SL 2350 Target : 2850-3100-3260++ Market leader as well as big heavy weight in INDEX.
Wave 3 in progress after a rounded bottom. Wave 2 of Wave 3 completed with the C wave forming an ending diagonal. Wave 3 of 3 in progress so expecting a rapid impulse move up ... All details mentioned in chart... This is my personal view based on technical analysis for learning and documentation purpose.
Reliance Infrastructure is at the retest of breakout level, it can hit 280 if it stays above the 140 CMP 146 TP1 280 #RELINFRA
#RelianceInfra CMP 162 very good BO Seems something is cooking. May become multibagger. SL 140
you can see in the chart that the demand zone is formed according to the price action ,so one can take a chance to buy by keeping the sl of 117 at this place
high : 19/10/2021 : 2,751.35 low : 28/07/2021 : 2,016.25 75 % : 2567.57 50% : 2383.80 25% : 2200.02
EXPLANATION : This is a 15 min time frame chart of RELIANCE . It has taking trendline support , If give a strong breakdown and broke its trendline & Demand zone with high volumes and retest the same , I am bearish on RELIANCE . If support is taken from trendline & give a strong breakout and broke its Supply zone with high volumes and retest the same , I am bullish...
RELIANCE me triangle type se baana hu hai ok jidar brack kre usar buy kr naa hai aur 1% t1 bana hai
long for target of 138 and stay invested until target is reached and stop loss being 64. good luck
- RSI Divergence - Priceaction analysis - Multiple time frame analysis
Wait till it crosses 53.65, and if still follows the median of the pitchfork; A good Shot. This is only for Educational Purpose, I myself am a learner This post contains my thoughts to particular (RELINFRA) and will be no responsible for any kind of losses.
Script - Reliance Infra CMP - 39.70 Resistance - 43 Daily Charts Current pattern (if any) - Higher top and higher bottom / bullish Candlestick Trend / Pattern - BE DMA - Bullish MACD - Bullish RSI - Bullish Divergence - NA Hourly Charts Current pattern (if any) - Bulish Reversal in an uptrend Candlestick Trend / Pattern - Green reversal candle followed by a...
target range marked with pink lines buy in cash trade and invest at your own risk
Reliance infra seems breakout in daily time frame with high vol
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.