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
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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.
Buy Above Upper redline breakup Sell when the lower red line break down and make sure you don't put SL of more than 10 rs max
RIL has perfectly retraced at fib 0.786 level in ABCD Pattern probable target has given with the probable timeline.
RELIANCE SWING SHORT BETWEEN 1980 TO 2000 FOR TARGETS OF 1866 AND 1801 WITH STOPLOSS OF 2060
# Reliance analysis Positional trade Long setup
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...
Reliance has finish its target and stop loss Hunting zone now trading below FIBONACCI level of 1.618 (trend reversal)
NSE:RELIANCE
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 looking bullish from here. Risk to reward ratio is good. 40-50 points stoploss and 100-150 points target Stochastics is positive as well RSI turning from oversold zone - 33 at the time of publishing this
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...