Check the levels marked in the chart.
As per our Tycoon GANN levels reliance is on sell from opening all targets and stop levels available inside the chart please refer to it
Reliance Daily candle must close above the flag..then only there will be higher possibility to make new in upcoming weeks or month
Note: This is for educational purpose only and do not trade in F&O. There seems to be a hammer at previous support zone which also coincides with 200 moving average. There seems to be a convergence in price and momentum (RSI). SL: 1825₹
*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.
Check video for details
In daily chart, price is at support of the horizontal channel. Forming double bottom but RSI is increasing, indicating bullish move. Target price is 2100 - 2300.
Breakdown to Trade: 🔴 RELIANCE Reasons: 1️⃣ Bearish Rising Wedge Pattern. 2️⃣ Broke Important Weekly Swing Low. Target : Bearish Rising Wedge Pattern Target : 1596 🚩 Stop Loss: Day Candle closing above 1930
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...
NSE:RELIANCE if stay above current resistance one long till 2300+ , hv been holding from lower level so whoever gonna take fresh entry keep stop loss as per their trade setup. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before...
Reliance Ind Ready to Parallel breakout
Here Reliance is looking strong but facing short term resistance, so be cautious . dont take a trade here. follow the trend. not so good result will test the given support again. (knowledge Sharing only, do your own analysis before take any trade).
The stock has given the breakout and may show the level of 2100 soon until 1995 is saved on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Reliance has been looking weak in the last 2-3 weeks with a lot of negative sentiment. Price has been trading lower providing long term investors with some very good entry points during the trading session. Breaking the 2000 sentimental price will require some strong buying in the coming days.
reliance near support once its break the fall or its take a support the move up 1928 1950 1970 2010
BUY ABOVE 1925 TGT 1936/1947 SELL BELOW 1903 TGT 1892/1881 Disclaimer : Trade at your own risk