Date- 14th March 2024
Time - 18:41
-As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis.
-One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case.
-If Current price is above POC (Point of...
BUY - RELIANCE IND INFRA
CMP - Rs. 1517
Target - 1: Rs. 1942
Target - 2: Rs. 2359
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Timeframe - 10 months - 18 months
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Technicals - Cup and Handle Pattern Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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RIIL trading at 1348 has broke its neckline of 1293.
It has crossed its 14 year high.It can also be consider as cup and handle. cup of 12 year and handle of 2 year. As per cup handle Pattern following is the target.
Fisrt target of 1800
second target of 2300
If it retest its Neckline then it will be a good oppurtunity to accumulate it.
This is for...
RIIL has given a trendline breakout and is looking good for short term target of 1250.
Try to buy at lower price, around 1025-1050 for good risk reward.
SL should be below 970 DCB.
If the stock manages to give a weekly closing above 1300, we can see 1500+ levels in the stock.
Idea shared for educational purposes only
Daily Chart
The Rising 3 Method Pattern,
Price retest nearest breakout level.
SL : 1033 (1 day close Base)
Target : 1240, 1350+
Risk is yours and Reward is too yours
RIIL (W), forming C&H pattern. Stock taken support at 200ema near 800 and now gradually rising. Stock after breakout will deliver at least 3x return from here
Reliance Ind Infra {RIIL}
cmp 1100
Buy at cmp or at retest
Any dip upto 1000 is buy
keeping 950 as Weekly Closing Basis Stoploss For--
targets🎯 1150 / 1200 / 1250+++
Above resistance Zone 1070
Attempted trendline breakout
Attempted Cup & Handle pattern too
Fresh Breakout above 1250
Value addition
INVESTMENT PICK
technical trade setup
Regards..
Keshav..
15/10/2023
Reliance Ind - RIIL - Multiyear BO stock. Can be a good bet for 1800 and more.
Volume is also Supported. Can give good return in Coming weeks and Months. As a Swing trader i try to Capture less but quality deals which can give good return in Weeks and Month.
Alays Focus on Risk Management and use Dips to buy these Multiyear High Stocks.
Remember: I am a Price...
1. RIIL has been trying to break 1200-1250 level since 2009 but have failed couple of times.
2. It has formed a beautiful cup & handle pattern for these 14 years and looking really promising if gives a weekly closing above 1250.
3. Do not enter in FOMO & wait for closing.
Purely for educational purposes.
Thanks
Piyush Gupta
Learn & Earn
13 Years #Multiyear #Breakout at #RIIL (Reliance Industrial Infrastructure Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 523445 \\ NSE : RIIL
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An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top...
