Hi, A Bearish Cypher pattern developing on 30 mins chart. D leg completion @ 1304. TP1 - 1277 , TP2 - 1261 SL - above X leg levels highlighted on chart for short opportunity. RSI entered into Overbought region - Price kissed D leg, It can be shorted if price action supports. Trade with Care Gulz.
after up move corrected 23% and formed flag pattern and getting ready for the next leg
the stock has seen a sharp upside rally then trading narrow for the past few days buy this stock above 1305 place a sl around 1295 and tgt near 1325
Enter after Close above 1283 with SL 1278 for Target of 1293/1307 if price fails to hold Current Market price and brakes 1278 Support then You can look for buying opportunity after rebound form 1261 Cheers
Harmonic Patterns on bigger timeframe charts can be powerful. Reliance is going thru an Upward blast. This pattern has the power to stop this march ONLY if price breaks below 1230 as shown in the shaded PRZ .. The upper level of this PRZ is 1320 ... As you can see since past three days Reliance is not able to close above 1320. If Reliance breaks 1320 and closes...
Stock has shown a nice upward trend past several days followed by a correction event past three trading days. Spinning top is indicating some exhaustion from the bears, so expect a slight pullback. However the weekly charts paint a clearer picture depicting a shooting star formation with the high point of 1328 that is the edge of the 20 week moving average. So I...
Now, lets see who wins...b vs s for small correction if external triggers starts the race to fastest 100!
FOR EDUCATIONAL PURPOSE - Reliance is going to start a rangebound movement 1250-1340. so buy at 1250 and sell at 1230-1240.
This textbook perfect Bullish Gartley on H1 Reliance formed the base of the following upward Blast of the Stock !
sell reliance at 1330 tr 1250 small sl ???
After years of under performance upto 2015, Reliance Industries has been going through phases of out and under performance wrt Nifty in the last couple of years. Since late-February, there has been a sharp outperformance and the ratio line has crossed its 200-DMA, which is a positive sign. Logic dictates that it is the right time to focus on Reliance, as long as...
Enter Near 1229 or 1230 Target 1-1256, Target 2 1279 SL 1179 For day trading Only
for educational purpose in my previous post I wrote about upmove above 1090 with sl 1075 and a target of 1230-1250. It might be done tomorrow. But after seeing a long term 9 years a consolidation is finished and a breakout is seen today. Now go always long unless it goes below 1100 means it comes back in the ascending triangle. Till then reliance is unveiling a...
RELIANCE is geeting into a beautiful setup....did check the daily ,30 min chart before homing on to this weekly !! well setup looks good ..above the imp EMA... what should one do !! keep watching reliance now !! its satisfying max theory of dow now ! i will buy once its beyond 1139,,till then ill keep selling the 1020/1040 PE....once crossover 1139 happens then...