Reliance - Inverse Head & Shoulders - Potential Target of 2120It is quite evident, that if NSE:RELIANCE clears the over head supply zone then it can potentially reach 2120 levels.
Reliancelong
INTRADAY TRADE IN RELIANCEINTRADAY TRADE IN RELIANCE
BUY@1452
STOP@1439.5
TARGET@1470
QTY=600 (CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
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RELIANCE Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Reliance Industries Share AnalysisHello 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 it.
RIL to hit the trendline below at 1446 price and post which it'll continue to give a uptrend and break 1500 target
In case it breaks down below the trend line of 1446, then go for short selling to the targets of 1420 and 1390
That said, considering the results and the way RIL is leading, I'm on a strong positive buy side. Hope this helps! Do let me know, if you want me to add anymore view or pointers, if I've missed any.
Thanks,
Akshay
RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT RELIANCE FUTURES AND OPTIONS MOMENTUM TRADE IN MAY CONTRACT
BUY@1490
STOP@1475
TARGET 1@1520
TARGET 2@1535
QTY=1500
!!CARRY FWD!!
!!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!!
OPTIONS TRADE IN RELIANCE
1540 CALL OPTION
BUY@49.5
STOP@39.5
TARGET@75
QTY=2500
!!CARRY FWD!!
Reliance | Head & Shoulder patternHead & 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 Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Reliance BUY Opportunity for Swing TradeFOR EDUCATION PURPOSE.
Swing Buy Based on Supply Demand Flip Zones and stock looking stronger trading above 20 MA .
