Riil is near its support level of 420-425. Today there is high probablity of formation of spinning top. Volume in the downtrend has been lower then the average volume. Go for long... target 250.
Lets see what happen in riil. Might show support of 420
Everything mentioned on chart...
RIIL monthly chart at strong resistance from 2012, breakout failure has happened in 2014 and again now at the same levels follow the price action
I am Going Long on CMP or add more on Pull back for Target of 647+
It was observed that Ascending Triangle formation forming in RIIL. MACD also about to crossover.
RIIL has formed bullish pennant formation on daily chart and is on the verge of breakout. Below 521 can be pattern failure. Once breakout confirms, stock should reach 560-575 zone.
2 breakout with good volume, Looking for 600+ level in coming session
Stock can be buy above 510 and if closed above 510 at same day, then we can see potential up side.
RIIL has made Double bottom and price has crossed above neckline... Near days we may see below targets :D Targets are 465/475/482/490+ SL : 440 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
The stock is looking bearish till 447 so i will look keep selling with protective stop Regards
Stock is on verge of huge Breakout. Need to wait for Monday closing to see how it reacts near this resistance line. But do keep in watchlist.
Price is about to breakout from an ascending triangle formed on Reliance Industrial Infrastructure. Good opportunity for long entry. Enter only if price breaks out from the triangle. #Target 1: 440 #Target 2: 460 Happy Trading!!!