Symmetric triangle at apex. Second time with in YTD. Upon downside breaking can target to 1030 and upside 1220. Stop loss place just outside triangle. Straddle may prove to be cost effective.
short TCS if breaks 1907 , first target 1898, second target 1889
RAYMOND BUY ABOVE 841 , target 855
pinbar candle Reliance SELL below 1121 , for target 1116
Hello everyone In long term I can see that reliance infrastructure bottom is stil not come. Consider to watch the chart, It make a descending triangle pattern. What is descending triangle pattern? Answer : Descending triangle is a bearish continuation pattern. The pattern is usually observed in a downtrend. There are few instances the pattern is seen during an...
Hello everyone, I am sharing my Idea for Reliance Industries. Reliance is about to make " Pennant" Bullish breakout pattern in a day time frame. we Just need confirmation. What is Pennant Pattern? Pennant is a short-term continuation pattern. It is created when there is significant price movement in the stock, i.e. strong volume rally on the back of positive...
RELIANCE - GO SHORT SL 1167. TARGET 1012. TIMELINE - 3 WEEKS
Price action for Reliance seems to have broken the bull trend and I see a good short term shorting opportunity. Here are some of the technical reasons to support my theory : 1) Break below Bull channel 2) Fibonacci level resistance at around 1134 3) No part of today's candle above the bear trend-line 4) Today's candle has a long tail
reliance channel pattern.so go long 1127-1137 target 1200
RELIANCE - plan for next 3 weeks. Go short for a final target of 1018
very indesicive, but most likely to go down p/l is not too great but a scalp is something, which is better than nothing
Bharti Airtel's long term demand and supply zones.
Entered Reliance energy @ 1125.90 .... It broke out upwards after 36 weeks of consolidation and if it stays above 860 then we are headed towards 1400 - 1700 levels
Here is a positional trade opportunity in Reliance, which can potentially give a 2R/3R return. Long trade set up in pullbacks to 1045-1055 range with SL below 1000 range, target can be 1090 and 1140 levels
The stock appears weak on all indicators expect for MACD which shows that stock is in some uptrend. OBV on Decline Trading below 22 EMA. Price Volume breakout in downward direction The volume with which sell-off has happened in last few weeks shows weakness based on price volume action. For now the stock may find a support around 200 where there could be a...