Stock has already concluded a running triangle structure at OCt'23 low of 2220 and is rising in an impulsive manner. The measured target for the same is coming in the region of 3400. Hence, stock is likely to continue it's uptrend towards 3400 with any weakness holding above the support zone of 2500-2450 in the coming months.
Reliance trading is near good support. Good risk-reward ratio. Support marked. Target new high 2800 in 6 months. long term target 5000 in 4-5 years, value unlocking near like- retail IPO, jio ipo. stay invested.
A bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:GOCLCORP Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a...
NSE:RELIANCE has shown good bounce back from 2480 levels but 2550 is going to work as resistance.
Reliance making Expanding triangle (RIL technical analysis) If this lower trend line break out than may comes to expanding triangle lower trend line. appx 2100 level If this upper trend line break out than may comes to expanding triangle upper trend line. appx 2900 level
RELIANCE imp zones mentioned on chart , all reversal and expected move mentioned with Arrow line, RED: Sell, Green: Buy Sell< 2540 SL:2565 Target: 2510,2470,2440 Buy> 2565 SL: 2540 Target : 2585,2610,2650 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish USE SL TRAILING Any query do comment *All views for educational purpose only
Reliance imp zones mentioned on chart and expected direction and reversal points on chart Buy>2522 SL: 2505 Target : 2535,2555,2600 Buy>2504 SL: 2522 Target : 2475,2460,2445 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish Any query do comment *All views for educational purpose only
RELIANCE imp zones mentioned on chart Buy > 2465 SL: 2454 Target: 2478,2500 Sell <2445 SL: 2461 Target : 2435, 2420 Wait for Proper Rejection : @Support : Bullish @Resistance : Bearish Any query do comment *All views for educational purpose only
CHeck RIL Day chart...King of Indian stock market...Nifty cannot move without RIL disc : for educational purpose
After long time the stock has come near lower range of BB. It may be bought with small quantity if purchased for trading. Otherwise it is good level for long term accumulation. 1750 can be kept as SL for long term investor. Long term means more than 3 years minimum. For trading buy small quantity with 3% SL. If turns favorable then add else take SL
You can go with long Expected target 2365 and 2422. Note : This is just for Backtesting and Educational Purpose Only.
There are two patterns formation on Charts. Weekly a triangle pattern and Daily head & Shoulder pattern formed today. daily target 2392 may be coming. 2nd possible target 2210 in case of triangle pattern breakdown on weekly chart.
Stock is rising in an impulsive manner on the lower degree time frame and is likely to form a five wave structure on the higher degree time frame which will be a base building for the next higher level. The current structure suggests that stock has already concluded its 3rd wave and currently retracing back in a wave-4 which is likely to conclude in the region of...
Price is making lower lows while the RSI is making lower highs which is clear sign of RSI Bearish Divergence. Entry We can enter in long trade after breakout above resistance zone with strong bullish candle. Stoploss Below the resistance zone. Target Target will be the next resistance zone. Please Like and Follow
Reliance has been trading in the range of 2250 and 2750 for a while now and has finally reached the price support region again. The formation of recent Doji in the market further confirm the indecisiveness in the market after the recent down move. A morning star pattern or a piercing pattern might further improve our confidence, with RSI bottoming out at 30 in...
RIL is consolidating in a range from nearly 10 months. From here good to BUY and Accumulate on DIPs. Short-term 10% up and long-term 20% up possible. Next up move must be a heavy lift to the next accumulation range. Note: This analysis is from my experience. Please take your financial advisor suggestion before taking position
Reliance seems bullish in the triangle pattern and can get us a good reward with very little risk.
Reliance looking fresh negative on daily chart it is breaking rounding curved trendline support and giving a fresh negative divergence move on macd indicator too so we can see a downwards move in it in coming sessions but it is looking that it will going for a decent correction after a steep rally. Cause of short-: 1- Breaking curved trendline. 2- Macd...