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...
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...