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RELIANCE: Starting a Bearish Trend" TECHNICAL ANALYSIS OF NSE:RELIANCE The LAST CLOSE PRICE of NSE:RELIANCE is 2153.5 . The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 2153.5. From here, the Key Support and Resistance levels are SUPPORT 1 at 2187.84, SUPPORT 2 at 2274.9 with RESISTANCE 1 and RESISTANCE 2 at 2090.45 and 1984.65 respectively. The Key 50% FIBONACCI LEVEL stands at 2090.45 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 0.7 and 6.96 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 43.6 and SIGNAL at 53.58 along with HISTOGRAM showing values of -10.97, the STATUS is clearly DOWNWARDS. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.24 and 0.16 with SIGNAL as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.8899 the STATUS is OVER SOLD. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 28.57 which signifies its Price Level to be AVERAGE. >>> RECOMMENDATION is : SELL." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:RELIANCEShort
by finogent
1
Indusind Bank Short Term Trading Set up 1The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 979 or 965 max. The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. 3) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue Candle: Selling Divergence Yellow Candle: Buying Divergence If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:INDUSINDBKShort
by ReeAishw
1
Dr Reddy Short Term Trading Set up 2The Price has been facing resisitance from 200 EMA . The structure is already provided for reference along with S&R LEVELS. Expecting 5240 The Indicator Used: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts. Not Activated. 2) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation. 3) TE-REKAB - Proprietary Indicator KEYS: PB: Pullback Blue Candle: Selling Divergence Yellow Candle: Buying Divergence If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:DRREDDYShort
by ReeAishw