RELINFRA trade ideas
Reliance Infra: The Money BreakerExit Now. Down move has started and MACD has sharp convergence. If you have some profit, take it and never look back. This share was 600 plus once upon a time.
Risko-meter Lethal
Multiyear Breakout.Given a Successful Breakout with huge volume. Ready for good rally
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Reliance InfraScript - Reliance Infra
CMP - 39.70
Resistance - 43
Daily Charts
Current pattern (if any) - Higher top and higher bottom / bullish
Candlestick Trend / Pattern - BE
DMA - Bullish
MACD - Bullish
RSI - Bullish
Divergence - NA
Hourly Charts
Current pattern (if any) - Bulish Reversal in an uptrend
Candlestick Trend / Pattern - Green reversal candle followed by a confirmation candle (in progress)
DMA - Neutral / bearish reversal
MACD - Neutral / bearish reversal
RSI - Bullish
Divergence - NA
Intraday Charts
Current pattern (if any) - Double bottom or Rounded bottom / bullish
Candlestick Trend / Pattern - Green reversal followed by confirmation candle (complete)
DMA - Bullish reversal
MACD - Bearish / can see a reversal
RSI - Neutral
Divergence - NA
Final View - Buy for short term
reliance infrastructure deep bullish crabtarget range marked with pink lines
buy in cash
trade and invest at your own risk
Relinfra - Typical Book example of Raising Channel BO Relinfra - Reliance Infrastructure - Forming good raising channel BO given and due to sharp fell off in the last session still gives good chance to enter.
Don't invest a large amount as the candles are not so strong, but can invest a small amount for the long term.
Happy investing!
Reliance infra seems breakout in daily time frame with high volReliance infra seems breakout in daily time frame with high vol
