Buy on Breakoutrelinfra is consolidating inside a triangle..It is also being held down by a falling trendline resistance.
Wait for BO from the triangle..then buy for target of 500.
RELINFRA
Buy Relinfra For 3-4 Trading SeesionBuy Relinfra CMP 460
Target 498
StopLoss Below 423
Holding 3-4 Trading Seesion
RELINFRA BUY setup - For aggressive Bulls onlyBuy RELINFRA at CMP (463+) with strict SL of 445
Targets will be updated soon.
Ascending Triangle on RelinfraAscending Triangle pattern formation on Relinfra on EOD chart and the price will break upside or else if the price break the downside, then it will consider as a false breakout.
Trade:
Buy above - 510.50
Target 1 - 521
Target 2 - 532.50
Stop Loss - 593
Relinfra - Near demand zoneRelinfra near 560-550 demand levels also took bolinger support @567 on friday. Buy hear for investment purpose with SL below 550. Traders can buy with a put option as hedge to have better R.R
Stock heading upwards go long on RELINFRA!NSE:RELINFRA Stock edging higher while moving in a trend channel trading above crucial trend line.
Stock is seen to have resistance at 615 levels. Upward move above 615 will open doors for 700 to 750 levels.
MACD and RSI looks positive on the daily chart.
Rel Infra long trend breakrel infra has broken long term trend on monthly chart
also it has break last three month inside candle
buy @ 567
sl 515 close
tgt 635
enjoy
RELINFRA Long Uptrend StockThe stock is in uptrend so one consider buying it on retracement. Currently it is at .618 Fib level of last swing and made Bullish engulfing. One can buy it at this level with SL just low of this bar.
REL INFRA= SHORT updated 14/01/2017Bearish Engulfinf Bar took place on 13/01/2017
it can be retraced to 0.50 lvls at 478 then 0.618 lvls at 469 from its top lvls of around 515
SL Above 510 on closing basis
Reliance Infra SHORTIt is obsereved that the Relinfra is facing major Resistance in the range of 505-510. One can go short between 503-505.
Regards & Thanks
Relinfra Long BreakoutRelinfra is giving a long breakout above the level 460.70, Above it can go to the level 465.30/468.40/474.50 if do not break 455.70 on downside.
