Reliance Industries Ltd Sponsored GDR 144AReliance Industries Ltd Sponsored GDR 144AReliance Industries Ltd Sponsored GDR 144A

Reliance Industries Ltd Sponsored GDR 144A

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RELIANCE after taking intraday bounce from 1500 levels, now it's following negative trend. It may test 1470 levels. It's 100 dma is around 1465, good support also


RELIANCE As mentioned in Idea published y'Day,One can accumulate at this level @ 158-1589.
Aggressive Future traders Cn OPT Protective PUT Strategy.
Snapshot

RELIANCE reliance is probably forming negative divergence on daily chart. It's currently trading near major resistance zone so trade with strict stop loss.

RELIANCE reliance is continuously forming negative candle, and looking weak after breakout of long consolidation period. It may test 1460-50 range

RELIANCE ready to break minor resistance. Result is looking good for upside. Option Chain Positioning also reflecting same direction.
Snapshot




RELIANCE
Reliance Industries Ltd view for Intraday 29th May #RELIANCE

Resistance 1430 Watching above 1432 for upside momentum.

Support area 1400 Below 1410 ignoring upside momentum for intraday

Watching below 1397 for downside movement...

Above 1410 ignoring downside move for intraday

Charts for Educational purposes only.

Please follow strict stop loss and risk reward if you follow the level.

Thanks....
Snapshot