RLI trade ideas
The Order has imposed a redemption fine and penalty on the CompaThe Order has imposed a redemption fine and penalty on the Company and its executives aggregating to ₹35 crore (approximately).
The Order has been passed on the basis that the Company has discharged a lesser custom duty by wrong classification of goods imported by it in 2016.
Important levels for the year.NSE:RELIANCE
DISCLAIMER: This is not any kind of investment / Financial advice, I am sharing my view only for educational purposes.
Overall Reliance Industries is in a bullish trend so I have marked few potential Target levels that can be achieved this year.
All the target levels are also a profit booking / reversal area that means be very cautious particularly on those level.
If price fails to breakout the major resistance level then it might be little bearish for while, but in that case also it must hold the " Important Support Area ".
Price falling below the 'Important Support Area' will lead to further bearish movement.
RELIANCE 11.08.2023 BUY on dips with sl below 2440 tgt 2620-2640Reliance industries
1. Weekly / monthly RSI above 60
2. Price above 20 SMA
3. Consolidating near 2450-2500 zone
4. Narrowing Bollinger bands
I am not an expert, I just share interesting charts here, Please seek expert advise before trade/ investment as investment and trading in stock market is subject to market risks. Statutory declaration Reliance inds is in my portfolio for last few months.
Big Boy Reliance Industries : +9% upside potentialChart is showing strength, keep an eye on the stock for two weeks
Levels & Logic mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat