Nifty View: A fine short term breakout from the benchmark index in today’s session. With this move, the index clearly shows the intention of a possible new life high soon. Will it deliver? Considering the expiry of derivatives contracts coming up the possibility and volatility both are likely to be on the higher side. Do watch the video for a detailed analysis of...
Reliance has been consolidating in a short range for a while and Bull Power is trading below Bear Power but Reliance chart suggesting that its all setup to go higher once breakout happens. So, we will wait for Bull Power to cross above Bear Power to enter into this stock. If you are not trading with BullPower-Bear Power, you can wait till 2170 level to cross. If...
$Reliance is all set to shoot up and rise to much higher levels. Check Bull Power Bear Power indicator and lets wait for Bull Power to take over to Bear Power and as soon as it crosses above bear power, we will have setup for buying and then it may start rising to much higher levels upto 2300/2400 or more. 3-Digit Gann roadmap for $Reliance is: 211 218 225...
Reliance has been consolidating for a few days in a range and yesterday we saw a Doji on Daily Charts and Today Reliance price closed above High of yesterday's Doji. Yesterday price was rejected at lower levels and traders are ready to take it higher seems like consolidation is about to get over. Here 4 Digit Gann Roadmap for Reliance for next 3-6 months is: ...
Today, despite a weak market, Reliance and TataSteel were very strong and held Nifty really well from falling. Reliance is coming out of its consolidation and likely to resume its uptrend very soon. Buy Reliance only and strictly above 2125 with SL 2090 and hedge it properly with Options to protect from sudden fall in market or Reliance if any. Gann roadmap...
#Reliance looks good for a #BTST for a target of 2153. Today price volume action looks strong and can trigger short covering. Good to go with a protected bullish spread.
CMP 2130 STOP LOSS 2105
Reliance Futures LTP: 2155.95 Support:2100.00 Resistance:2180.00 / 2222.15 15m Chart The chart is in an uptrend since 2nd July Candles are taking support at 12 DEMA RSI and MACD are both above the horizon which indicates a bullish trend Hourly Chart 2100 seems like a very strong support level Looks like the charts have made a cup and handle pattern which is a...
short term target - 2250 stop loss - 2130
Reliance has been bullish for a few days and Today it has a breakout on Hourly chart and seems like it has picked momentum and speed on 4th gear. Buy Reliance@2250-55 with SL 2220. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your...
Its a bulish stock and was in rest mode. Now back to momentum.
RIL is looking positive with inverted head and shouldter pattern and also breaking the trendline in 15 min chart. Also the RSI is strong.