RELIANCE Analysis- Lion Waking UpReliance has been in sideways for months. Now swings are breaking upside. I have shared future moves coming in the journey of reliance.
Do expect big targets in reliance until it crosses the ATH. Till then small moves can be captured.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Reliancetrade
Reliance BreakoutIncrease in Oil prices coupled with the breakout on the chart is a good confluence.
Retest has been done nicely.
Reliance was holding up the market on last trading session.
Can expect this to continue for a few more trading sessions (2-3 trading sessions)
Use Halftrend for trailing stoploss. NSE:RELIANCE
Reliance 2000 Done | What's Next?We shared the last idea for RIL when it was trading near a lower trend line and it came to 2000 levels which is also a resistance zone. If it sustains below today's low we can again see 1930-1920 levels.
To motivate me, Please like the idea If you agree with the analysis.
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InvestPro India Team
bulling reliance NSE "SWING TRADE"entry - 2150
Target - 2200-2300
SL - 2050
*Reason for this pick up*
1. closing above 2100 (phycology level & strong support)
2. done its retracement after break the trendline - 38% fib
3. taking support at 50 EMA daily TF
4. todays market recovery after falling
5. high weightage in NIFTY 50 to move up
Relinace Trade Setup For 04-03-2021Im Not SEBI Regt.
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial.
Reliance*Study is based on Futures
Reliance has managed to crossover the trendline in daily charts today. What we have to watch is if it manages to hold because if it does, we might see a bull rally which will take the prices above 2000 levels.
Aggressive or risky traders can buy once RSI manages to cross 50 levels in Intraday charts with a stop loss of 1950.