ril

Chances of reliance to go upwards. Refer chart for levels.

https://in.tradingview.com/x/lGOqQeqL/

IMPORTANT LEVELS TO LOOK

4.c. has done a very close 1.618 time wave A and the big candle ( Although not a huge volume) may signal a reversal to complete the 5th wave of the up move? Disclaimer: I am new to EWT but found it really helpful to invest in stocks.. The target for wave 5 is somewhere in the range of 1550-1600 .. Please do share your view..

Symmetric triangle formation on Reliance and may break either side. NSE:RELIANCE Trade - Long: Buy above - 1377 Target 1 - 1400 Target 2 - 1430 Stop loss - 1350 Trade - Short: Short below - 1340 Target 1 - 1320 Target 2 - 1285 Stop loss - 1360

Recommendation based on Indicators. Trade: Short below - 1052 Target 1 - 1048 Target 2 - 1041 Stop Loss - 1060 Reward Points - 11 Risk Points - 8

Technical Analysis: EMA 5/20 bullish crossover and EMA 50 lying below the price. Stochastic on bullish but lying in overbought level and may take some correction. MACD on bullish and histogram on above the level '0'. RSI above 50. Trade: Buy above - 1042 Target 1 - 1049 Target 2 - 1058 Stop Loss - 1033 Reward Points - 16 Risk Points ...

Triangle formation on Reliance. in this triangle price will break any side, either long or short. hurdles for Long - EMA 50 acting as resistance and MACD, STO and RSI all showing bearish trend. Anyway keep until the buy or sell initiate the level. Trade Idea: Long Buy above - 1000 Target 1 - 1006.50 Target 2 - 1012 Target 1 points gain - 6.5 Target 2 points ...