As shown on chart, Reliance is at support level. Buy at CMP of 1913 for short term target of 2080, and medium term of around 2300
To see this analysis in different time frames, check out my website.
RELIANCE BUY ABOVE 2010-2015 SL1970 TARGET: 2032, 2058, 2074. 2093, 2114, 2126 Buy range and SL are on Closing Basis Posting for Educational purpose only Closing Basis means stock need to trade above 2010 - 2015 between 3:20 ~ 3.30 PM If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Reliance on the verge of breakout, upside move more probable. Look at pivot points in chart for levels. Great Opportunity Upcoming. Lower Target 1 and Stop Loss for Longs: 1993. Upper Target 1 and Stop Loss for Shorts: 2010. Stay Connected for Further Targets. Note: Idea only for Education Purposes.
Can take long position if it crosses that red trend line.
Consolidating.... , being a financially well established company i wont advice to short it but wait for technical signals before going long.
RELIANCE TDA done. Levels marked for UP trend but can be used as strong Support & Resistance nonetheless.
This weeks candle has engulfed last two weekly trading candles. CNXENERGY has been doing great, it is at all time high. If Reliance retraces more till Rs 1800 it is still a good pick for accumulating. Happy Trading Happy Weekend!
RIL has perfectly retraced at fib 0.786 level in ABCD Pattern probable target has given with the probable timeline.
# Reliance analysis Positional trade Long setup
Reliance has finish its target and stop loss Hunting zone now trading below FIBONACCI level of 1.618 (trend reversal)
In the last few trading sessions, we have seen huge sell offs in Reliance. NIFTY has sustained below 12000 for over a few trading session but reliance value has been bleeding out. The case between Amazon - Future Group - Reliance has been in the lime light causing much trouble in the investors minds.
Note: This is for educational purpose only. There seems to be a bounce back from support on 1 hour - 4 hour timeframe with increase in volume.
Reliance is showing signs of reversal from a down trend. Buy if marked point broken.
Reliance has crossed above Fibonacci level 1.618 for stoploss hunting and now trading below the target level
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 . Thank You Disclaimer: It should not be...
RIL MAKE OR BREAK LEVELS GOOD FOR SWING #reliance