Hi traders, RCOM is still Bullish. Don't miss this long. As per my analysis, price action shall further move up to the below targets. Entry: 12.35 (or) Entry @ CMP Take Profit: 24.70 (TP1) & 37.05 (TP2) Stop Loss: -2.50 Risk Vs Reward Ratio: 1.66 Go long the RCOM ; Good Luck
NSE:RELIANCE support and resistance diagram is represented in my chart, if support breaks it will move towards below support level, and if it bounces from support then it will move towards upside resistance level. HAVE THIS STRATEGY IN MIND FOR RELIANCE IT WILL WORK AS RAM BAN FOR INVESTOR/TRADER TOO.
Reliance seems going in downtrend one can short it below 891 with stop loss of 907 ,1st target is 881, 2nd is 858, do trades on your own risk.
Hourly chart shows mild double top formation at 932 formed on 6th March, little weakness in nifty can drag it down to 925-926 levels. Stop loss should be 938 breaking which would confirm a further upward movement.
Reliance has been trending well in a horizontal range since a long time and the recent correction due to the macro economic monetary policies resulted in a breakout being exhausted and a failed breakout , with NIFTY making a tripple top on hourly charts and other variables looking bullish, A chance to buy reliance again for the breakout of 960 resistance line...
926-927 Good area of support where I am looking for Long .
Hi Guys, This chart showing high possibility of drop in reliance indus, whole structure looks big corrective structure. I don't know what will trigger this drop but this is on the cards. after that drop reliance is all the way to upside, giving very good place to invest in this stock for long term option.
There is a Possibility of 50 % Retracement in Reliance to around 1150 levels, It will also act as a structure test, Some Really Good Selling Patterns are also coming up in daily charts...
Hi Everyone,This is my first idea I will post more regarding indian stocks and some currency pairs, looking at reliance it looks like in corrective phase after highly impulsive move to up side and making abc correction with b in triangle pattern so we are waiting for completion of pattern by breaking this pattern to downside for our c leg and then rally up for...
On weekly chart, I observed that the price action is forming a descending triangle, which is a continuation pattern. It is a good time to put this one in our watch list and wait for couple of weeks to see a breakout from this with a high volume .
Reliance on the way from 2008 to till date fell in to the TRIANGLE pattern. Pattern maturity date very close to broke the pattern either side. But as per my wave count reliance going to trigger next bear rally on INDIAN MARKET. November - 2016 play an major role on reliance.
After today's strong breakout at 420 levels and managing to close above that levels provide us a strong bullish signal on its price action. I believe now the price action will move towards the next resistance levels in next few weeks. It is a good time to enter with the reward risk ratio of 1:3 Target 1: 452 Target 2: 470 SL 1: 400
RELIANCE CAPITAL BREAKOUT EXPECTED TOMO ABV 422 WHAT PATTERN IS THIS COMMENT
I could be wrong here, but something is telling me to go long in RELIANCE. - SL 938 TGT 970
It has been trading at it is all time low where we can see accumulation and high open interest in futures contract. It is a good opportunity to buy this one at current levels with a strict stop loss at 46. RCOM new mergers and up gradation in services will be in news for next few months which will make it in spotlight to all other investors as surely that will...
As per hourly chart, reliance is in impulse Wave 3, it is building up on a diagonal based upward trend which is likely to be broken once the demand will be fulfilled. It is a good intraday opportunity for tomorrow. Risk Reward: 1:3
Investment Strategy: Reliance Industries has been in a contracting triangle from past 8 years, Break of this Triangle on the upside can be a good indication to buy and hold for long term. Elliott Waves Terms triangle often occurs in wave 4 as complex correction. so we can expect wave 5 to create a new high Target: 1800 Timeframe: yr-2019
This trade setup is very simple one. I didnt use any advanced patterns or numerous fib levels. We can easily notice Reliance is in bearish trend for sometime, so we are looking for opportunity to go along the trend. Recent rise in prices towards our marked resistance zone ( based on Daily ) where we have Fib levels overlapping each other. 0.382 Fib level of...