Intraday RelinfraMy view on relinfra will rock on monday.. please study chart well before any action.
Once it will cross 612... then who knows.. next days we may see 640-660 zone
RELINFRA trade ideas
reliance infrastock has give a break out in today's trading
stock is in uptrend corrected in the form of sideways to mild dip
expecting the stock to move towards 601/611/631
Stock heading upwards go long on RELINFRA!NSE:RELINFRA Stock edging higher while moving in a trend channel trading above crucial trend line.
Stock is seen to have resistance at 615 levels. Upward move above 615 will open doors for 700 to 750 levels.
MACD and RSI looks positive on the daily chart.
Reliance Infra:575. symmetrical triangle,on breakout,Target 820.RelianceInfra:575 is trading in a symmetrical triangle, currently near the apex and about to have break out from its upper TL. Resistance 820 support 496.
Caution: A contradictory view is that, it has formed a Descending triangle from 2009 (a Descending triangles form in downtrends and are characterized by a series of lower highs but the Flat Bottoms & they have a definite bearish bias), But in this case it is having an upward breakout. My point is that, this opposing pattern formations may neutralize the move,and it can lead to a side way market.
reliance infra descending trianglerel infra is in side the range for several years will it give break out this time for first tgt of 800 followed by 1000
AB = CD - BULLISHRel Infra could go to 548 or 536 or 521 . Buy once it comes above 548 after touching any of 548 or 536 or 521
REL INFRA.. WILL IT BREAK ITS LONG TERM RESISTANCE.
Please take inform decisions.. this is for learning purpose only
Rel Infra long trend breakrel infra has broken long term trend on monthly chart
also it has break last three month inside candle
buy @ 567
sl 515 close
tgt 635
enjoy
RELINFRA Long Uptrend StockThe stock is in uptrend so one consider buying it on retracement. Currently it is at .618 Fib level of last swing and made Bullish engulfing. One can buy it at this level with SL just low of this bar.
Relinfra & InvestmentEnd of November I analysed and found Relinfra had good potential as investment. Support was at 450 - 460. Targets were 500 and 550. Target 1 achieved within 20 days, then price action again took support and now moving towards target 2. As Govt has more infra related projects, Relinfra has good potential as investment.
RELIANCE INFRA - GOOD INVESTMENT STOCKIt is been observed that the price action has reached down at lowest levels at around 300 last year. And now, it is trending up in a channel, making new higher highs and higher lows, indicating a further move up. It is a good investment as Budget season coming around and it is believed that this budget will support and boost infrastructure. It might accumulate good deals near budget, in all a good investment for this year.
Target 1: 550
Target 2: 600
Stoploss: 480
Kindly share your views below in order to create a good investment opportunity for everyone.
REL INFRA= SHORT updated 14/01/2017Bearish Engulfinf Bar took place on 13/01/2017
it can be retraced to 0.50 lvls at 478 then 0.618 lvls at 469 from its top lvls of around 515
SL Above 510 on closing basis
Reliance Infra SHORTIt is obsereved that the Relinfra is facing major Resistance in the range of 505-510. One can go short between 503-505.
Regards & Thanks
Reliance Infra - Resistance or support?RelInfra is having strong resistance at 509 - 511 zone. Yesterday's high is 509.7. It is in my watch list. Will update target, stoploss, entry in comment seeing price action.
Reliance Infra downtrendRelinfra breaks trendline in 60 min chart.
Buy = 489 - 491
Sl = 494
Target 1 = 475
Target 2 = 470
short the stock as we can bearish kicker signal and dark cloud cover near the overbought condition and price below 8 ema
Relinfra Long BreakoutRelinfra is giving a long breakout above the level 460.70, Above it can go to the level 465.30/468.40/474.50 if do not break 455.70 on downside.
REL INFRA long Bullish Cypher Bullish Cypher on daily charts one can Long it with 12% target upside...SL below PZR
Bullish Harmonic on RELINFRAWe have been watching this D leg. Now its near channel support. Looks like a valid reversal from the potential reversal zone. If today's low is not blown we have bullish crab activated on Relinfra.
Potential D leg of Harmonic setup in RelinfraWe are in the D leg of a Harmonic setup in Relinfra.
This can be a bit risky trade as the channel support is at distance. So kindly pick 1.618 (533-535) as support zone for bullish move. If taken out it can travel to next fib level.
So wait for some reversal signal before initiating the trade.
