Reliance Infrastructure LtdRELINFRA - currently showing a clear ascending channel, consistently making higher highs and higher lows. Additionally, there's been a flag pattern breakout with good volume, which suggests a strong uptrend.
I recommend considering an entry now or on any dip towards the 400-405 range. The initial targets are 440 and 470, and you could potentially hold for further upside towards 500+ if the momentum continues to be strong.
RELINFRA
RELINFRA | Cup and Handle | Breakout | Good volume | Risky
**Stock:** RELIANCE INFRASTRUCTURE LTD (RELINFRA)
**Chart Type:** Weekly chart
**Pattern:** Cup and Handle formation
✅ **Key Technical Highlights:**
* The stock has formed a classic cup and handle pattern on the weekly timeframe, indicating a potential long-term breakout.
* The breakout level (resistance) is around ₹323.
* Price has successfully broken out above this level, confirming the breakout.
✅ **Measured Target:**
* The measured move suggests a price target of approximately ₹638, im
RELINFRA - Cup and Handle -Breakout- WklyRELINFRA - Cup and Handle -Breakout- Wkly
This chart shows the price action of Reliance Infrastructure Ltd on the Indian National Stock Exchange (NSE). Here's an analysis of the key features:
1. Overall Pattern: The stock has formed a large cup and handle pattern from 2018 to present. This is typically a bullish continuation pattern.
2. Recent Price Action:
- The stock has broken out of the handle part of the pattern.
- Current price is 316.30 INR, up 48.79% on wkly, indicating a signif
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 3
Big Bullish Breakout in Reliance InfraA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RELINFRA
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing.
Reliance InfraScript - Reliance Infra
CMP - 39.70
Resistance - 43
Daily Charts
Current pattern (if any) - Higher top and higher bottom / bullish
Candlestick Trend / Pattern - BE
DMA - Bullish
MACD - Bullish
RSI - Bullish
Divergence - NA
Hourly Charts
Current pattern (if any) - Bulish Reversal in an uptrend
Candlestick Trend / Pattern - Green reversal candle followed by a confirmation candle (in progress)
DMA - Neutral / bearish reversal
MACD - Neutral / bearish reversal
RSI - Bullish
Divergence - NA
Intrad
Relinfra - Typical Book example of Raising Channel BO Relinfra - Reliance Infrastructure - Forming good raising channel BO given and due to sharp fell off in the last session still gives good chance to enter.
Don't invest a large amount as the candles are not so strong, but can invest a small amount for the long term.
Happy investing!























