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Riil is looking bearish on various timeframes and is waiting for a downside move.
All levels are vaba numbers.
levels as mentioned in the chart.
trading time may last for few days.
Entry 470-475, SL 450, Target 500, 525, 535
Riil is near its support level of 420-425. Today there is high probablity of formation of spinning top. Volume in the downtrend has been lower then the average volume. Go for long... target 250.
Everything mentioned on chart...
RIIL monthly chart at strong resistance from 2012, breakout failure has happened in 2014 and again now at the same levels
follow the price action
RIIL has formed bullish pennant formation on daily chart and is on the verge of breakout. Below 521 can be pattern failure. Once breakout confirms, stock should reach 560-575 zone.
2 breakout with good volume, Looking for 600+ level in coming session
RIIL has made Double bottom and price has crossed above neckline...
Near days we may see below targets :D
Targets are 465/475/482/490+
SL : 440
Note: Do your own study before making any position...
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TARGET 404.02 SL 430.50
Stock is on verge of huge Breakout.
Need to wait for Monday closing to see how it reacts near this resistance line. But do keep in watchlist.