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Reliancetrade

Reliance chart analysis - Day time frame -> buyReliance is currently positioned at a favorable support level within an upward trend line. The stock is presently undervalued, as its trading price remains in a similar range to that of two years ago, and it has not yet surpassed its all-time high (ATH). Based on its recent price action, there is a potential for a 10% upward movement in the next two months. Additionally, with a price-to-earnings (PE) ratio of 25, the valuation of this premier stock appears to be in an attractive buying range. It's worth noting that despite the financial demerger of Jio from Reliance, the stock has delivered relatively low ROI compared to other high-cap stocks over the past two years. With the current positive market sentiment we can hope it will break all resistance and reach new ATH
NSE:RELIANCELong
by tradeGambler
#Reliance downtrend movement with risk:reward 4#Reliance downtrend movement with risk:reward 4 Symbol: Reliance Time frame :4-hours chart Analysis breakout from the symmetrical Triangle Downtrend Movement Checked the conditions for moving average, RSI and volume Sell at 2196 with this stop loss 2295 and target 1830 HOPE our analysis is adding value to your Stock market trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading #stockmarket, #sensex, #bse, #sharemarket, #nse #reliance
NSE:RELIANCEShort
by TanujaK