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RELIANCE INFRASTRUCTU LTDRELIANCE INFRASTRUCTU LTDRELIANCE INFRASTRUCTU LTD

RELIANCE INFRASTRUCTU LTD

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RELINFRA trade ideas

RELINFRA - Cup and Handle -Breakout- WklyRELINFRA - Cup and Handle -Breakout- Wkly This chart shows the price action of Reliance Infrastructure Ltd on the Indian National Stock Exchange (NSE). Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern from 2018 to present. This is typically a bullish continuation pattern. 2. Recent Price Action: - The stock has broken out of the handle part of the pattern. - Current price is 316.30 INR, up 48.79% on wkly, indicating a significant bullish move. 3. Key Levels: - A major resistance level at around 300.25 INR has been broken, which could now act as support. - The previous high of 635.70 INR from 2017 could be a long-term resistance target. 4. Volume: - There's a notable spike in trading volume coinciding with the recent price breakout, supporting the bullish move. 5. Price Targets: - The chart shows a potential near-term target of 592 INR (labeled "Can test 592"). - This target represents a 96.73% move from the bottom of the cup formation. 6. Historical Context: - The stock experienced a significant decline from 2017 to 2020, forming the "cup" part of the pattern. - Since 2020, it has been in a general uptrend, forming the right side of the cup and the handle. 7. Recent Pullback: - The stock recently experienced a pullback (forming the handle of the pattern), which found support and has now broken out to the upside. 8. Volume Moving Average: - The recent volume spike is well above the volume moving average, indicating strong buying interest. Overall, the chart presents a bullish outlook for Reliance Infrastructure Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 592 INR. However, as with any breakout, there's always a possibility of a pullback to test the breakout level (around 300 INR) as support. Traders should also be aware that such a large single-day move (48.79%) might be followed by some consolidation or profit-taking.
NSE:RELINFRALong
by VCharts_TA
Bullish Breakout: Reliance Infrastructure Limited RELIANCE INFRASTRUCTU LTD appears to be in an uptrend. The price has been consistently making higher highs and higher lows, indicating bullish momentum. Additionally, there's a potential flag pattern forming, Entry: Breakout: Wait for the price to break out of the flag pattern to the upside, with increasing volume. This could confirm a bullish breakout. Disclaimer : This analysis is based on the provided chart and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:RELINFRALong
by supertraders_india
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month. On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too. 238.45 shall now act as an initial support while 201-215 zone is the main support. On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR. If it manages to close above and sustain above it then 474 also can be tested in the long term. Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
NSE:RELINFRALong
by marketmoneymohmaya
Big Bullish Breakout in Reliance InfraA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RELINFRA MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:RELINFRALong
by raigvivek