Reliance shown reversal at the all time high This stock is pure speculative stock trade with cautious
Strong resistance - 1602 Strong support - 1505 today's RIL range bound between 1602- 1577 1577is minor support
Reliance ind looking bearish. Reasons: 1. Double top and it may create another top including that top it will be triple top then. 2. Bearish divergence on the Money follow. 3. There's a possibility retracement at 1370 before moving up. 3. There's a strong demand zone at 1259.
Reliance may breakout in either direction today As a trader you should not predict only act based on the price Check chart for the levels
Even though price is moving high but we have multiple resistance coming in short term Check the chart for the levels
ENTER SHORT IN RELIANCE FOR DOWNTREND SL LEVELS WILL BE AOUND 1435-38 IF DID'NT CLOSE ABOVE 1435 STOCK MIGHT TEST 1380-1400 LEVELS.
Closing above previous sideways movement. Should provide good support.
Reliance stock price will probably reach 1330 area where it will face technical resistance of the 100D EMA and Upper TL of the structure. Also, keep in mind that the market hasn't bottomed out yet. Once the economic shock from the COVID-19 Pandemic comes into the light, the stocks will start dropping once again.
It's coming at my entry. Let's Go Baby...
overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
Head & 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...
Guys RELIANCE retest for previous High... keep watch and stay tuned for further updates Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging...
Short RELIANCE below 906 T1: 875 T2: 863 T3: 845 SL: 927
No Naked put /call or Futures positions: Following 3 strategy : 1)Buy 1360 calls , Sell 1420 or 1400 or 1380 call 2) Buy April futures and Sell 1360 or 1380 April call 3) Buy 1360 call 2 or 3 lots and Buy 1-2 1360 put lots (Put : Call Ratio can be as per your choice ) My Position is 1360 call buy , 1400 call sell . Please note : Consult your financial...