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Ril

Reliance | Head & Shoulder patternHead & Shoulder pattern observed in Reliance. However the pattern is yet to be confirmed. So, take bearish view only if neck level of H&S fails to hold as support. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:RELIANCE
by AkhilSuryaFS
2
Reliance (RIL) - A long term view - Chart PatternIntro : The bump and run is a pattern that is of explosive power in developing markets aiming at maturity. Reliance has just bumped onto and looks to start its run. For those unfamiliar with this lesser known pattern, this looks like a inverted cup, preferrably on an ascending trendline support angled between 30-40 deg. This has been observed in cases of several multibaggers, be it MRF, Avanti feeds,etc.. The power of compression and the extended bull run at a steady 45 degree trendline support makes this a wonderful catch. Reliance looks to complete the short term Double bottom that it is doing, finding its resistance at the outline of the bump and then, retest the support line in the month of May 2019 ( The intersection of the lines - Text box says the same) We have a wonderful rally ahead of us, for the next 3 years, propelling RIL to new heights. . . . . . . . . . . . . . . . . . . . Consult your advisor before taking any position
NSE:RELIANCE
by SchoolofMarkets
RELIANCE : WOLFE WAVE : NEXT IMP. LEVELAfter continuous 3 downside impulsive waves now the RELIANCE chart has made a Wolfe's Wave with a beautiful breakdown of bottom line. Furthermore, according to Price Action, RELIANCE has form a good reversal pattern by making a HIGHER LOW and gave a good closing near previous SWING HIGH. And if the STOCK now moves above its previous HIGH then it will enter into the channel again and according to Wolfe's Wave the Target for the Stock will be the upper Incline Line. But there is a very very important level which can show a resistance to the STOCK which I have market in CHART with RED COLOUR.
NSE:RELIANCEEducation
by nitinrajput2208
Reliance, Exhaustion Gap, shorting opportunity?NSE:RELIANCE has been on nice uptrend for the last few days, but looks like it may need to correct a bit before further progression. The 20th candlestick has gapped up and with low volume. This pattern also seems to be a regular at the end of any uptrend for reliance, as can be seen on the circled areas. The RSI has not increased proportionally since the last peak. Volume was also quite low when compared to the other gap up candles during the uptrend. Perhaps a short correction down the 1070 levels is going to occur? Edit: the chart on tradingview chart doesnt seem to show a gap, but other websites show a gap between the 19th and the 20th candles.
NSE:RELIANCEShort
by JallikattuBull