THE STOCK HAS TAKEN SUPPORT AND SOON MIGHT GIVE THE TRAINGLE BREAKOUT. T2=2336 THESE ARE MY PERSONAL VIEWS, TRADE AS PER YOUR OWN ANALYSIS.
This is the Demand for Wave 5 of Wave 5 hence with this Buying the Uptrend will complete;
Target on the chart. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
From my chart last week, We saw the breakout as per the idea I had posted. Reliance is still BULLISH. Reliance Retail arm is still looking to add in more investments in the coming weeks. They've litreally put SoftBank on hold for investing in Reliance Retail. The deal of 20B$ from Amazon in Reliance Retail is yet to solidfy. Long positions away!
In the last two weeks, lot of intresting news coming with Reliance Industries, first the retail division has picked up stake in Biyani's Future Group and subsidaries. On the annoucement of this news, there was heavy profit booking seen by long term Future Group company stock holders. On 9th Sep, News brokeout Reliance Retail has taken 1 Billion dollar investment...
follow the trend line to enter and place the stop loss 2-3% below trend line
I hope you can now see how Reliance represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Off the rising Channel (pink ) Though inside the Wedge (rising or falling,...cant makeout) For the last one month (since July 22) its consolidating. RSI is at 50. To mit seems like a Flag & Pennant and the rise would come in the Q4.
RELIANCE has broken the major support and it has already given a bearish confirmation. STOPLOSS HUNT SEEMS TO BE OVER ABOVE 1.618
Note: This is for educational purpose only. It seems there is a good bullish momentum in Reliance. The price has not come below the Middle Bollinger Band for the last 1.5 months. RSI above 70 indicates bullish momentum as well. However, being overbought, expecting some consolidation to cool off. But overall strong bullish momentum.
Reliance has been in a severe uptrend and the retracements have been very minimal, which show that the investors are confident that Reliance will move higher and so they are holding onto their positions. Volumes have been increasing with increase in price, which confirms the bullish sentiment for Reliance. This is an educational post and all the opinions provided...
Hi Traders/Investors, 1. On may 30,2020 I posted my first analysis on this stock till now even a single week missed my targets. Providing all statements chronologically as proof of precision with figures and dates for your consideration. In point no.1 of the same date, I clearly mentioned " Upper range in the form of an evening star...
Hii this is trader Kanishk This is the analysis of RELIANCE Here the phase is very volatile and we don't have to took long position in RELIANCE without confirmation . Reliance is an uptrend stock of=n each and every time frame. we can take our long positional trade in RELIANCE but after confirmation. Watch this complete video i've discussed everything. this is...
Breakout can be huge or heavy selloff can happen at 1620 level. So trade carefully! Buy only if it breaks 1620 Resistance with good volume. BUY above 1620 Target of 1640, 1650 Use tight SL
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
INTRADAY TRADE IN RELIANCE BUY@1452 STOP@1439.5 TARGET@1470 QTY=600 (CASH) !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Hello Everyone, RIL's results are out, and I'd suggest to compare it with YoY performance rather than QoQ. Jio results are beyond expectations and deal with FB is a booster. RIL holds the capacity to outbreak Nifty beyond 10000 for sure. If we consider the positive trend in RIL, I'm expecting it to hit 1640 target in the coming days. Here's how I analyze...