Off the rising Channel (pink )
Though inside the Wedge (rising or falling,...cant makeout)
For the last one month (since July 22) its consolidating.
RSI is at 50.
To mit seems like a Flag & Pennant and the rise would come in the Q4.
Reliance tomorrow buy at opening price and target price @30-40 rupees
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Reliance has been bullish for some time, it may touch 1700+ in near future.
Trade using option strategies, some ideas are mentioned in chart itself.
Please carry due diligence, and consult your financial advisor before taking any positions in financial markets.
Bearish Rejection at 407, wait for market open to see more rejections and as I said don't just dial, take a call, risk to reward is good on this one. Protect your money and use proper risk management.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million...
On all TF RIL share trading above 50 EMA & very bullish . Also on one hourly time clearly Flag pattern is visible on the charts . So this can be taken for long entry for next level of 1560 . So add the stock in your watch list for next trading session.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single...
Buy if sustained above 1481 may lead the price to reach the target of 1496/1520/1554 with trail sl 1445
Sell if sustained below 1445 for the target of 1416/1395/1381 with trail sl sl 1481
**Educational purpose only
Expecting Reliance to " HIT " 1580 levels within a week
if its sustain above 1475 levels
----Tradersspot
#Only Consider for Educational Purpose,Trade at your own risk
