RIL has been taking support at this trendline and if this breaks, it can lead to good breakdown!
Excellent setup in Reliance! Range bound moment has broken on the downside.
Short reliance for intraday or 2-3 days of position. Sell below 1420 with SL of 1450 Target- 1395, 1350 Reason:- Decrease in volume and decrease in price along with bolinger bands shrinking and huge resistance is being face in 1500-1420 zones.
Technically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390 22/04/2020 Closing 1363 Spot. Little...
overall stock now in a bear grip , but looking at risk reward on trade side a pullback can be expected thus will trade in two way if it comes at 1370/80 zone will short or if comes at 1290/1300 will accumulate with stop mentioned
Reliance has been giving positive signals on various parameters. Buy for targets exceeding 1470-1495, keep 1430 as stop loss. Options Open Interest positions are looking encouraging, futures' build-up suggest shorts covering. Go long near closing price and keep a stop loss og 1430. 1460-1470-1495 can be expected in near future.
RELIANCE | Fibonacci Strong Support And Resistance Levels
ril long at givin point and get book profit. you get 1:4 RR ratio. that meansgood profit. there is gap up so ril come at that given point to fill that gap.
RELIANCE INDUSTRIES HAS GIVEN A BREAK BELOW SUPPORT OF 1225 & CAN NOW BE EXPECTED TO FILL THE GAP. HIGH RISK TRADERS CAN SELL WITH A PROTECTIVE SL ABOVE 1252 FOR TARGET OF 1175-1180.
Bearish Divergence found on RIL on a large time frame of approx 10 months!!! Rise on sell or Just aggresive sell??? Please give your opinions guys!!! Thank you!!!
Double bottom pattern spotted in Reliance. Pattern is confirmed as price has broken above 1290. Pattern suggests a target of 1333. However by further inspection we could find a series of considerable resistance at 1300, 1308 and a trendline which might prove to be very significant. Though trading purely based on the pattern would suggest to initiate longs, the...
Head & 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...
Reliance industries may see a little uptrend for some sessions