1. Its trading in a channel . 2. We have the blue resistance line and fib .382 Ratio in same place and it has broke that .So looking for the target at yellow zone . with a sl - 500
Wave c = wave a Even when nifty is rallying up, this is struggling to cross 625. The rise was a slow grinding upmove, characteristics of a corrective wave. next should be a down move. Has potential to go below 438 again sell relinfa @615, stop 630, target 475
after a sharp knock stock is attempting a bounce bounce might lead the prices towards 531/541/555 with risk management placed around 508
Ascending Triangle pattern formation on Relinfra on EOD chart and the price will break upside or else if the price break the downside, then it will consider as a false breakout. Trade: Buy above - 510.50 Target 1 - 521 Target 2 - 532.50 Stop Loss - 593
which will come first 560 or 460, time will tell
Relinfra near 560-550 demand levels also took bolinger support @567 on friday. Buy hear for investment purpose with SL below 550. Traders can buy with a put option as hedge to have better R.R
RELINFRA: @ 527 End of Corrective WAVE - A Best long Between @ 515 - @ 498 (Two impoortant Fib. Retracement SUPPORT Level) SL: not more than 4%, where as TGT 12%+ Thus 3R: 1:4+ Sharp correction Drag the Counter Below ICHIMOKU Cloud. Technical Indicators also Turn around. Compare to NIFTY Energy index it falls 40% more. Where 30D % of Change in NIFTYENERGY...
buy above 592 above buy sl 589 trg 596 602 608 this is study purpose only
My view on relinfra will rock on monday.. please study chart well before any action. Once it will cross 612... then who knows.. next days we may see 640-660 zone
stock has give a break out in today's trading stock is in uptrend corrected in the form of sideways to mild dip expecting the stock to move towards 601/611/631
NSE:RELINFRA Stock edging higher while moving in a trend channel trading above crucial trend line. Stock is seen to have resistance at 615 levels. Upward move above 615 will open doors for 700 to 750 levels. MACD and RSI looks positive on the daily chart.
RelianceInfra:575 is trading in a symmetrical triangle, currently near the apex and about to have break out from its upper TL. Resistance 820 support 496. Caution: A contradictory view is that, it has formed a Descending triangle from 2009 (a Descending triangles form in downtrends and are characterized by a series of lower highs but the Flat Bottoms & they have...
rel infra is in side the range for several years will it give break out this time for first tgt of 800 followed by 1000
Rel Infra could go to 548 or 536 or 521 . Buy once it comes above 548 after touching any of 548 or 536 or 521
WILL IT BREAK ITS LONG TERM RESISTANCE. Please take inform decisions.. this is for learning purpose only