Reliance 2163 - Has Achieved target 2180 as posted
RELIANCE could be another swing trade for trader, where you can take at-least the target up to the upper resistance, there after can add up more points by trailing stop-loss.
Accumulation should be done in Reliance with sl of 1790 and look for the target as provided. Triangle breakout happened in monthly time frame.
- Reliance important levels marked - 2160 Strong Support area and 2032 Strong Resistance area marked in chart - Use pivots for SL & Target .
Reliance is doing its best to end its consolidation. Typical behavior at such resistance levels. Should be at a new all time high soon.
- Head and Shoulder pattern ( 15 min frame ) - Support and Resistance marked in chart
Buy above 2175 for 10,25,50+++ Sell below 2158 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Again we can take entry on retracement near to 2120
Lets have a look at Reliance Industries Daily chart and you can see the base formation on Reliance Chart between 1850 - 1900 levels. Last to last week we have updated Reliance Trade Set Emerging and suggested buying zone between 1900-1950 levels with a stop loss at 1878. Now its follow up update and we can see Reliance Industries 2206-2374 and once break above...
Stock is moving in a wedge and has given triangle Breakout inside of Wedge. Increasing in delivery volume also indicated a positive move. We can expect price movement up to 2170 in near term.
Technical indicators suggest bullish. reaching 2100 looks easy. Breaking that barrier, one cannot predict. people who added at 1920 - 40 for swing, keep a close watch.
RELIANCE INDUSTRY. LET See the Price Action . If the Price Break UP the RESISTANCE. TARGET = 2300,2350. I am a begineer to share market. i now only learning about that. if my analysis is wrong pls tell me . i will correct it and learn form.
If breakout sustains 2700 on cards
You can see the pattern here clearly. Although it can blow up to breakout. Please wait for a PDL break or it to make an inside bar. Right? Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't...