Reliance is going to have a reverse trend around 1634. So till that point, it is going to be a downtrend for RIL. Entry can be possible at the current level with an SL of 2100 and the 1st target of 1888 and final target 1634.
analysis mentioned on the chart
Reliance CMP 2029, nicely sustaining above its support & 2000 but there is hurdle present at 2060. Scenario 1 : If breaks day high a target of 2060 can be seen and from there price may reject and fall back to 2000 for retesting Scenario 2 : If 2060 also breaks next target is 2175 SL to be maintained at 1995 Disclaimer : this idea is only for educational purpose.
analysis mentioned on the chart
Reliance has finish its target and stop loss Hunting zone now trading below FIBONACCI level of 1.618 (trend reversal)
Follow the chart guys Either short now or wait for retracement lot size = 500 CMP = 1912 Guys check out the related ideas as well FOLLOW for more ! LIKE if think is useful ! COMMENT Below your view !
Reliance industries have just taken support on the daily as well as on hourly support levels forming a head and shoulder pattern in the bottom, this might be the beginning of an uptrend in daily as well as on hourly time frame in addition to that their is a beginning of positive sentiment in the market. . No trade is an assured trade calculate your RR ratio and...
Reliance is showing signs of reversal from a down trend. Buy if marked point broken.
Reliance has crossed above Fibonacci level 1.618 for stoploss hunting and now trading below the target level
As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near. So the reason why I think its a Bull Trap- (Just my thought) 1) No negativity around it 2) Stock already corrected and consolidated a lot 3) Earning is near 4) Big player breaking...
RIL MAKE OR BREAK LEVELS GOOD FOR SWING #reliance
HIdden Divergences in Established Uptrend / Suspected Re Accumulation Are usually Good bets....
RIL after giving Pole and Flag Breakout with high volume, was sideways to negatives till yesterday with low volume. In the process stock retested Break out level and have given upmove again today with increasing volumes. MACD on daily chart is trying to turn bullish and on weekly chart it is already bullish. Stock has good support at 2150 levels. PS: Chart for...
After Breakout Reliance Consolidated A Lot, If It Has To Bounce Back, This The Region Where It Has To. Reliance Follow A Trend - After Breakout It Re-tests It Support (Resistance Before Breakout). If It Bounces Back Buy Zone -2160-2200 This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
I'm just waiting for breakout from its pattern if breakout occurs we could see again the previous momentum ..
Current price structure suggest that the triangular wave structure has been completed already as we have got he final setback as wave-e. One should go long with SL of wave-c for the targets which are mentioned on the charts. The price breakout & sustainability above the level of wave-d will bolster this idea.