Fake breakout earlier, now should keep going up.
Taking a good amount of support. Movement has been really less from past few weeks with diminishing volume. And these are technically reversal signals. So going long on this stock with a suitable SL is not at all a bad option or foolishness just because we have a bearishness perception regarding the markets. Take the trade, its okay if SL gets triggered, you would...
Reliance looking weak on daily. It has broke down long supportive trend line. Now 1800 is a very key level to watch for. As per fibo and previous supports, 1700 is first weak support and 1600 is a strong support. For RIL become strong, it need to break 2015 level - keep on radar
Highest closing since Dec 10th, Daily RSI is at 54, highest level since Oct. 15. Trading well above major moving averages. Stay long with a stop loss of 1996. Immediate Target is 2016.
reliance q3 result is also +ve
Major moving averages and Ichimoku sens are placed too close within 1945-1975 range. Expect a big price move soon, the move should probably be on the upside. 1906 can be used as the stop-loss for long positions.
Reliance is about to take support from this level. We can go long on it. Expected target 2000 in the coming weeks
Reliance Keep a stop loss of 1930, targets 2040-2080-2100+. 2000-2100 bull spread offers good rsk reward.
After a long consolidation Reliance may jump up to reclaim its lost glory. A good portfolio buy at all price levels, traders should wait fot it to exceed and sustain above 2014. Important levels are mentioned on chart.
Reliance formed a symmetrical triangle in the higher time frame. In the long term, the stock has consolidated a lot and there Are good chances we can see some big moves. Buy above - 2050 - Target - 2180 , 2280 , 2300+ Sell Below - 1930, Target - 1830 (This is short term selling, that's why I haven't mentioned "Sell" in the chart) This analysis is done only...
Imp levels mentioned on chart. Consult your financial advisor before taking any position,
RIL - Nearing support? Or have to wait for 1600 levels
Reliance Industries price rebounding from cloud bottom on Ichimoku cloud. Chikou span is free for downfall. I'll suggest entering with December series PE. Note - I have position of only 1 lot 1900 PE December series while posting material. I'll exit if trade doesn't end up profitable by Friday EOD. Material is solely for educational purposes, assess your risk...
RIL has perfectly retraced at fib 0.786 level in ABCD Pattern probable target has given with the probable timeline.
As the markets are making new highs, Reliance is still struggling to position itself. In fact, it is breaking down. Previously Reliance has shown reversal near 1800 and again it's trading near that level, do this time it will reverse or will retest 1600? This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...