it will lead nifty to new high , reliance is superbullish on daily weekly monthly and quarterly chart . one can buy at 1088 for 1200 level . sl 1050, remember simple funda to earn is analyse and follow just trend.. long trend and traingle breakout above 1085
Hi folks, BSE:RELIANCE is on a home run i except it to retest its previous resistance before its going to resume the run. keep watch om critical points and you call the shots. Regards Bibin
A long triangle for the past 8+ years. 3rd attempt at the breakout. Monthly close above 1140 will be the 1st signs. Patiently waiting for the BIG elephant to move.
Fall from the highs of 1097 to 1012 was quite impulsive & was an awesome trade, which was anticipated 7-8 days in advance on 4th Jan2017 in the update- "Excitement to start above or close to 1100" Now from 1012 it was up down up move finishing set of correction & retraces 50% of the fall 1097 to 1012 in the zone 1054-1055 along with possible double top- which...
Reliance after big move in 3 days try to settle near at around somewhere, no possibilities for big move in any side much more so for perfect profit sell both, Sell 1120 Call @ 13 and Sell 1040 Put @ 10 both of next month i mean (30/3/2017)(/b]
The stock is showing good frequencies around Pitchfork and suggesting a possible long entry at this level. RSI above 50 is also confirming the decision. Moderate Target of 1080 in 3-4 sessions by providing Stop Loss of 1021(Closing Basis). It seems worth risking.
One can look to enter Reliance at current levels as its presenting Good Risk to Reward. Target 1100 And if at all the major resistance breaks then this stock can give huge return this year.
Stock turning from supply levels established between 1046-1054. Short for a target of 990, with a stop of 1055.
As expected the bounce to 1045-1055 zone is done at recent high@1054. Likely moving above 1050 -it can go in the zone 1055-1060 zone, which shall be the last leg upside & a fall could be expected if it sustains down below 1050 again post a new high in coming sessions. Bulls Eye Hit@1097- Bounce Back also done at 1055 Excitement to start above or close to...
book 4.4 point profit no movement in market
during some days i was with trend,i posted many posts,they ful filled all of my expectation,but now budget is coming,any time may be correction,or big up move,no one posting charts more,but i am not afraid ,i am bullish with reliance industries,in budget good news or bad news,i do not think about fundamental,i donot understand fundamental,i only think about...
Anticipating before it happens is the feeling of nirvana to an analyst & one thing which really can trouble is ego- if you can control your ego-have patience & allow market to show you the way ahead- no one can stop you other than yourself. In the last piece of analysis- it was suggested that reliance is running into wave-ii (which has broken into 3 pieces-"abc"...
Market has run up a lot in the last couple of weeks. Now a phase will come when Major indices will consolidate and lots of stocks which are lagging behind will catch up. Reliance has a strong support in 1000-1020 zone, it has developed range from 1000 to 1100. Good risk reward at this point in time. Go long with SL 999.